Search results
Results from the WOW.Com Content Network
The risk of default is spread out over more than one tenant in such NNN deals (e.g., if either Starbucks or MetroPCS goes bankrupt, the other tenant continues to pay the rent due under their NNN lease). Such deals can appeal to investors seeking to spread risk, though the simplicity of collecting one rent check from one tenant is forfeited.
Financial inadequacy, such as renting a house when one is unable to purchase, i.e "renting by necessity". Reducing financial risk due to depreciation and transaction costs, especially for real estate which might be needed only for a short amount of time. When something is needed only temporarily, as in the case of a special tool, a truck or a skip.
Key money is one of several forms of payment made to a landlord. [1] The term has various meanings in different parts of the world. It sometimes means money paid to an existing tenant who assigns a lease to a new tenant where the rent is below market. It sometimes means a bribe to a landlord.
The peace of mind could be worth the financial loss I bought a condo 1 year ago to escape rising rents — but it’s been a nightmare with HOA issues, fees and endless stress. I’d lose up to ...
In Cook County, which includes Chicago and its suburbs, property taxes are due twice a year. Taxes not paid by the first due date in March are considered "delinquent," and interest begins to accrue.
"They also wanted a 'property guarantee,'" Morales recalls, requiring tenants to provide the title of a third-party property that could be tapped to finance the fallout of eventual disputes over rent.
Rent guarantee insurance is a form of underwriting through which landlords can be protected against loss of rent if the lessee defaults. Globally, most firms offer this protection through regulated insurance companies, to ensure that the provider can make good on promises of payment.
“It is very important for you to pay your rent on or before the due date,” the guidebook says. Not paying rent on time can result in a negative mark on your credit report, late fees or even ...