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A land lease is common for commercial real estate, but many residential property owners also pay to lease the land their homes sit on — many apartment buildings in New York City, for example ...
Lease administration is a department that usually falls under an organization's real estate department. [1] Lease administration involves receiving rents from facilities they own and paying rent for the facilities they lease, and other activities.
An early example of use of the notion of land administration is a 1973 Seminar on Land Administration in Kuala Lumpur, Malaysia. [4] Land administration arrangements were charted in a 1985 paper by Holstein, McLaughlin, and Nichols, [ 5 ] and the Department of Lands and Surveys, Western Australia changed name in 1986 to Department of Land ...
For example, suppose a tenant leases land for six months for ¤1,000 per month, and that two months into the lease, the government condemns 25% of the land. The tenant will then be entitled to take a portion of the condemnation award equal to 25% of the rent due for the remaining four months of the lease—¤1,000, derived from ¤250 per month ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
An office administrator has the responsibility of ensuring that the administrative activities within an organization run efficiently by providing structure to other employees within an organization. These activities can range from being responsible for the management of human resources , budgets and records , to undertaking the role of ...
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