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Multiple tenant lease agreement template

Nc realtors multi tenant 2025

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The document is a Commercial Lease Agreement for a multi-tenant facility located in Wilmington, NC. It outlines the terms and conditions under which the landlord leases premises to the tenant, including details on rental payments, security deposits, maintenance responsibilities, permitted uses of the property, and procedures for default and termination. The lease emphasizes mutual obligations between landlord and tenant regarding repairs, insurance, compliance with laws, and handling of hazardous materials.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a multi-tenant property?

A multi-tenant property is a property that has two or more tenants. Compared to single tenant properties, multi-tenant properties can be more management intensive and may have less predictable cash flow. Multi-tenant assets may also have shorter lease than single tenant properties.

What are average lease terms?

The most common lease terms are for one year or two years. Short term leases are usually three-month or six-month terms.

What is single tenant vs multi-tenant commercial real estate?

Cash flow is reliant on quality of tenant. You wont be the only one aware of the risk of all-or-nothing occupancy. Lessees of single-tenant properties tend to have better leverage than lessees of multi-tenant properties because they can singlehandedly impact your cash flow.

Does a lease have to be in writing in North Carolina?

Unlike a contract to sell property, which must be in writing and signed by the parties, an oral agreement to lease property is legally enforceable unless the term of the lease exceeds 3 years, which would be very unusual for a residential tenancy.

What is the difference between a standard lease and a lease purchase?

In a pure or straight lease, there is no accumulation of equity and no provision for the buyout of the leased personal property. A lease purchase is a lease contract with terms providing for transfer of title during or at the end of the lease term.

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What is a standard lease agreement for NC?

A North Carolina standard residential lease agreement is a fixed-term rental contract between a landlord and tenant. The tenant will pay rent on a monthly basis to the landlord to use the residential space until the end date stated in the lease.

What are typical lease to own terms?

The lease term in a rent-to-own agreement establishes the duration of the lease period before the tenant can purchase the property. This time frame usually spans one to three years, providing the tenant time to evaluate the rental property and decide if they want to buy it.

Nc realtors multi tenant 2025

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What is a multi-tenant property?

What are average lease terms?

What is single tenant vs multi-tenant commercial real estate?

Does a lease have to be in writing in North Carolina?

What is the difference between a standard lease and a lease purchase?

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What is a standard lease agreement for NC?

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