Full Service Lease - Landlord pays all
Gross Lease - tenant pays electricity if it is individually metered. Landlord pays all other expenses.
In a NNN lease the tenant (person leasing the property) is liable for the taxes, insurance, and CAM (Common Area Maintenance) expenses. In a Gross Lease, the tenant pays a fixed amount of rent to the Landlord and has no other expenses to pay.
Yes, unless the landlord breached the lease in some significant way.
yes !
Normally the bankruptcy filing has nothing to do with whether or not the tenant has paid his rent. A landlord does not have the right to evict a tenant simply because the tenant filed chapter 7 unless that is part of the lease. The terms of the lease determine if the tenant will be evicted. If the tenant pays the rent, he should not be evicted.
If a tenant defaults on a lease (e.g., failure to pay rent on time, damage to the premises, keeping a pet when it is not part of the lease, etc. ) then the lessor can evict the tenant. At that point, the lessor can demand the full balance of the lease be paid immediately.Enforceability varies from state to state. You should see a lawyer specializing in landlord/tenant law if you are caught in this situation.Avoid any lease that has what appears to be an "Acceleration" clause.
The landlord pays tenant utilities. The full service gross (FSG) rental rate includes a set amount that should be allocated towards the payment of utilities, but ultimately it is up to the landlord to pay any and all utilities.
In a NNN lease the tenant (person leasing the property) is liable for the taxes, insurance, and CAM (Common Area Maintenance) expenses. In a Gross Lease, the tenant pays a fixed amount of rent to the Landlord and has no other expenses to pay.
Triple Net Lease - with a triple net lease the tenant pays a base rent, taxes, insurance and also any charges for repairs and maintenance of the property.
An industrial Gross Lease is an arrangement where the tenant pays rent plus a share of services. Taxes and insurance are already included in the base rent.
The modified net lease is a compromise among the gross lease and the triple net. The landlord and tenant usually set up a divide of maintenance expenses, while the tenant agrees to pay taxes and insurance.
The only time you can break a lease, or quit, if you will, is when the breach of the lease is material. If your lease states the landlord is responsible for utilities and subsequently failed to pay, which resulted in services being disconnected, you may have the ability to quit the lease. Part of a landlords duties is to keep utilities on at all times while a tenant is living on their property.
No.
If the terms of the lease include that the tenant must have electric and the tenant is in violation of the lease terms you can evict him.
Modified Gross. Means the Landlord is paying all or some of the taxes, utilities, insurance and/or maintenance
A lease that is terminated by the death of the tenant.
not till the tenant violates the lease or the lease expires
To write a letter as a tenant showing proof of residence, include your name, address, contact information, landlord's name, and duration of tenancy. You can also attach a copy of your lease agreement or utility bill under your name at the address for additional verification.