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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 ...
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 ...
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 gross lease is a type of commercial lease where the tenant pays a flat rental amount, and the landlord pays for all operating expenses regularly incurred by the ownership, including taxes, electricity and water. [1] Most [weasel words] apartment leases resemble gross leases. [2] The term "gross lease" is distinguished from the term "net lease."
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
Area code 314 identified the eastern part of the state, from the northeast corner of the state at the Illinois border along a southwestern line near Columbia and Jefferson City to the center of the state, and continuing southeast into the east side of the West Plains area to the Arkansas state line.
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 ...