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Avail offers comprehensive tools for both tenants and landlords, including rent payments, maintenance requests and lease management. Tenants can use Avail to schedule payments, split rent with ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
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.
The term "net lease" is distinguished from the term "gross lease". In a net lease, the property owner receives the rent "net" after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit.
The common law was harsh to tenants. Texas tenants leased their property "as is" under the common law doctrine of caveat emptor, Latin for "let the buyer beware." [30] The tenant was expected to carefully inspect the property before signing their lease. Afterwards, they were expected to continue paying rent even if the property became ...
Tenant can stay on the remaining property without paying any rent. Partial eviction by someone other than landlord – where this occurs, rent is apportioned. If landlord claims to lease tenant an area of 1,000 square metres but 400 square metres of the area belongs to another person, tenant only has to pay 60% of the rent.
Georgist economic theory describes rent-seeking in terms of land rent, where the value of land largely comes from the natural resources native to the land, and from collectively-paid-for services, for example: State schools, law enforcement, fire prevention, mitigation services, etc. Rent seeking to the Georgist does not include those persons ...
A compromise was then struck whereby Maxwell was granted a 999-year lease in June 1827, but the house would be leased back to the government for a 500 rupees monthly rent. [4] Later Maxwell's residence went up for auction which the colonial government won with a bid of $15,600 Spanish dollars, and the ownership of the courthouse finally ...