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The tenant screening process typically begins when the prospective tenant (each adult applicant) completes a rental application and pays an application fee and perhaps a holding deposit. Rental applications are designed to collect personally identifying information (name, social security number, date of birth, etc.), address, employment ...
The tenant may want to leave the burden of upkeep of the property (mowing the lawn, shovelling snow, etc.) to the owner or his agents. There is no need to worry about lifespan and maintenance. Renting keeps off-balance-sheet the debt that would burden the balance sheet of a company in case the property would have been bought.
Created Date: 8/30/2012 4:52:52 PM
AMC Theaters closed at the end of the day on April 16, 2023. On June 8, Black Rose, the last tenant located at the mall, announced that they would be closing on June 30, marking an end to Chambersburg Mall. [12] The owners of the property were considering to re-develop it after the mall closed its doors, but the consideration was scrapped.
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.).
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