Search results
Results from the WOW.Com Content Network
If the tenancy is a fixed-term tenancy, it may be ended either by the effluxion of time [n 3] automatically expiring, with no need to serve any notice, at the end of the fixed term [9] or, if the tenancy agreement gives the landlord a power to end the tenancy, by the landlord exercising that power.
The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
Percentage rent, or a percentage lease, is a type of lease seen in commercial real estate. It is a rental charge based on the gross income of the tenant rather than a fixed monthly or annual value. In most examples, the percent rent only applies after a certain amount of base rent has been paid.
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
If the lessor gives the lessee a cash allowance for improvements, this is treated as a reduction of rent and amortized over the lease term. Lease Bonus: Prepayment for future expenses. Classified as an asset; amortized using the straight-line method over the life of the lease. Rent Kicker, or Percentage Rent: Common in retail store leases.
Under Murphy's watch, NJ Transit has indeed made numerous improvements and fixed several problems inherited from the Christie administration, including fully staffing the locomotive engineer ranks ...
Renting, also known as hiring [1] or letting, [2] is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease ) is signed to establish the roles and expectations of both the tenant and landlord .
Financial products that typically come with fixed interest rates include: Traditional certificates of deposit. Fixed-rate mortgages. Home equity loans. Personal loans. Auto loans. Small business loans