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The word “reimburse” means to pay back. So, requiring reimbursement may preclude you from collecting the tenant’s pro rata share until after you actually pay the tax bill.
A childcare center tenant that paid base rent each month didn’t pay its share of the property tax and utility bills or obtain the required insurance. So, six months into the lease, the landlord served the tenant with an eviction notice ....
Among the victims of Hurricane Harvey, which swept through Houston in August 2017, was a testing services tenant’s relationship with its landlord. The tenant claimed that the mold spawned from Harvey’s rains rendered the office space unsafe for its employees ....
The key is getting the tenant’s pre-agreement to representations. We explain how, and give you a Model Lease Clause that you can adapt for your own circumstances.
Don’t let loud, boisterous events interfere with the professional atmosphere you work so hard to cultivate. Our Model Lease Clause sets eight parameters for tenant receptions and other events at which a tenant’s use inside the space it leases may disturb or disrupt other tenants in the building, center, or facility.
Tenants that are strapped for cash may send a check covering only part of the rent due for that particular month. Such partial rent checks may create a major dilemma for landlords. On the one hand, partial payment is better than no payment at all. The problem is that by accepting a partial payment you may waive your right to collect the balance due. And because waivers are hard to undo, if you make a practice of cashing partial rent checks, you may even be granting the ...
High on the short list of game-changing amenities is common workspace and conference facilities. We’ll take a look at the concept, explain how to create a leasing strategy to implement it, and give you a Model Lease Clause incorporating 16 legal protections landlords that offer conference center amenities need.
What do you do when a desirable tenant that you badly want is currently stuck in a lease at another location? One possibility is to enter into a takeover arrangement under which you pay the tenant’s monthly obligations under the existing lease through the end of its term. But while this frees up...
Tenants may insist on the right to install special equipment on the roof of the building so they can operate their business within the space they lease from you. Among other things, reserve the right to make the tenant physically shield or screen the equipment so that it doesn’t create a public eyesore that mars your building’s image and appearance.
Standard HVAC provisions aren’t enough to protect you when tenants want to use split A/C units. We explain, and give you a Model Lease Clause you can adapt to your own circumstances.
A lease amendment is usually simpler and easier—but not always better.
Lease amendment or new lease? It’s easy to overlook the importance of controlling the mechanics of the renewal process. Consider the scenario where a tenant exercises its option to renew the lease. Normally, you’d execute the renewal by having the tenant sign a lease amendment that lists the new renewal rent and termination date while leaving all of...