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In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
A market leasing assumption (MLA), sometimes known as a speculative rent profile (spec rent) or market rent, is an accounting method used in commercial real estate to produce budget predictions and valuations. It is a sort of template, or standardized lease, that is applied to rental units for periods in the future when there is no contracted ...
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.
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.). In such a lease, the tenant or lessee is ...
Oakville is an unincorporated community and census-designated place (CDP) in south St. Louis County, Missouri, United States.The population was 36,301 at the 2020 census. Oakville is 18 miles south of the city of St. Louis and borders the Mississippi and Meramec rivers; the area is part of "South County" (south St. Louis Count
In 2014 a local St. Louis real estate developer purchased the empty 300-acre lot to develop 240 acres of offices, businesses, and industrial buildings, with the remaining 60 acres primarily designated for retail use. [10]
Other incorporations before World War I included University City in 1906 near Washington University in St. Louis; Maplewood in 1908, also along the Missouri Pacific railroad line; Wellston in 1908 in the inner north county; Shrewsbury in 1913 east of Webster Groves; Clayton in 1913 south of University City; and Richmond Heights in 1913 south of ...
Conservation measures, such as number pooling, mitigated the immediate need for relief. [5] More than twenty years after that announcement, area code 557 was overlaid on August 12, 2022, as the available numbers in 314 neared exhaustion. [6] Prior to October 2021, area code 314 had telephone numbers assigned for the central office code 988.