7500/15000= $.50 per sq. foot
The cost per square foot of the property would be $0.50, calculated by dividing the lease amount ($7,500) by the total square footage of the building (15,000 sq ft).
Your answer depends totally on your location, and what other expenses or accessories you want included in the square footage you need.
Lessor's Risk Only (LRO) provides liability and property coverage for building owners who lease out their entire building or occupy less than 75% of the building and lease out the remainder. Also called landlord's insurance.
Review your copy of the lease for any language that may void the lease if the property is sold. If there is no provisions to that effect then the new owner should take the property subject to your lease. You may need to speak with an attorney to determine what your rights are.
If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.
The 1500 square foot building would have a rental cost of $21,000. You don't specify the terms of any lease.
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
Yes. As long as that is not prohibited in the lease.
Fite Development Owns the land the structure is on, and therefore once the lease is up on the building, it then becomes property of FITE DEVELOPMENT INC.
form_title=Purchase or Lease a Metal Storage Building form_header=Keep your possessions protected from the elements. How many square feet do you need?=_ When do you need to have this building by?=_ Do you need a climate controlled building?=_
No. All the owners would need to consent to the lease by signing it. If all the owners of the property, or their duly appointed agent, didn't sign the lease it would not be a valid lease. All the undivided interest owners have the right to the use and possession of the whole property but one owner cannot encumber the whole property.A lease signed by only one of the owners of the property is not binding on the other owners. The tenant would not have their permission to lease their property.
If you purchase a building, all the maintenance needs will be your sole responsibility. If you lease, the landlord assumes the responsibility of maintaining the property.
To lease a commercial building the average cost per square foot is between $16.00 to $20.00. Depending on what may need to be done to the building, such as insulation, the price can go up to $30 to $40 per square foot.