Gross or Triple-Net? There are two basic variants of business leases: gross leasing and triple-net. In a gross rental agreement, the landlord charges a flat rent covering all costs related to the landlord`s premises. On the other hand, in the case of a net triple lease, the lessor charges a basic rent and then continues an additional amount to the tenant to cover the tenant`s share of the property tax, insurance premiums and the costs of common maintenance of the land. No type of leasing is cheaper than the other. Since there is nothing free in the world, the rent of a gross lease only includes fees that would be transferred into a triple net lease. Maintenance. Typically, a tenant is responsible for the maintenance of the interior of the premises (including electricity, plumbing, flooring, windows, front glass and door), while the owner is responsible for the exterior walls and roof. Keep an eye on C.C.C., leases differ in how they handle the costs of maintaining and replacing heating, ventilation and air conditioning systems. Tenants and guarantors. Start by analyzing a lease agreement with tenants and guarantors.
The tenant is primarily responsible for paying the rent. If the tenant is poorly capitalized (for example. B a start-up company), the owner will probably need a guarantor for the lease. The landlord follows the guarantor if the tenant goes bankrupt and cannot pay the rent. Most of the guarantors street the day they sign on the polka dot line. Although Frank Sinatra may sing, “regretted that I had a few, but still too little to mention,” he was probably never the guarantor of a bad tenant`s long-term lease. A landlord and one of its representatives are prohibited from requiring commercial tenants to take out “key funds” as a condition for the conclusion, beginning or renewal of a tenancy agreement. “Key money” is a term used to describe bribes and other forms of payments under the table to landlords in exchange for renting a property.
A commercial tenant is entitled to three times the harm caused by refusing rent when asked to pay the key money. Our experienced landlord-tenant lawyers have worked on a large number of landlord-tenant issues and are applicable with federal, regional or local laws for residential and commercial rents. Our lawyers are aware of the rules and potential pitfalls after fighting the resulting cases in court and can give you the opportunity to help them draft a law-afighting lease or lease that benefits you and protects your interests. Our rentals and rental services include: I hope this article will be useful to you.