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A commercial leasing agreement is also called a commercial property, commercial real estate, business, industrial, and office space lease. [1] The individual in ownership of the property to be rented is called the lessor or landlord. [2] The lessee or tenant uses and rents the property owned by the lessor and provides them with monetary ...
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
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.).
The rise of hybrid work, surging interest rates and tech layoffs are pushing sublease vacancy rates to new record highs. See where the Triangle stands. Triangle office market outlook turns bleak ...
In 2004, the law firm Lapin & Landa LLP signed a lease agreement to occupy 7,922 square feet (736.0 m 2) of space. [ 20 ] In 2010, KBR signed a 20-year lease for 1,200,000 square feet (110,000 m 2 ) at 500 Jefferson and the KBR Tower .
A telecommunications lease is a lease that exists between a telecommunications provider, or a wireless company, and a landowner. Similar to other real estate leases, a telecommunications lease is put in place as an agreement to lease space on the landowner's property for a telecommunications site or cellular tower for a specified length of time.
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