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If your lease requires tenants to pay you their share of the property/facility’s electric bill, don’t say they have to pay for the electricity they “consume.” That’s because the bills you receive from the electric company may include elements not related to consumption, such as demand charges ...
When negotiating the terms of a work letter with a tenant, don’t just agree to do a particular item of work “to code,” without listing any specifics or limitations. When not properly defined or limited, the phrase “to code” can be the source of confusion, miscommunication, and litigation.
Securing a full or partial abatement or exemption on your property’s real estate taxes is a cause for celebration. But that champagne may taste far less sweet if you end up having to share those hard-won benefits with your tenants.
Make sure that all notice requirements in your lease sync up with each other. When notice rules of one provision conflict with those of another, you run the risk of running afoul of notice requirements even if the notice you actually provide satisfies all requirements of the particular clause to which the notice pertains.