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Utility sub-metering is a system that allows a landlord, property management firm, condominium association, homeowners association, or other multi-tenant property to bill tenants for individual measured utility usage. [citation needed] The approach makes use of individual water meters, gas meters, or electricity meters.
In order to rent or lease in many apartment buildings, a renter (also referred to as a “lessee") is often required to provide proof of renters insurance before signing the rental agreement. There is a special type of the homeowners insurance in the United States specifically for renters — HO-4.
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
This pet-friendly, 700 sq. ft. apartment is 1 bed and 1 bath. It is available for lease at $1,175 monthly, and the tenant pays utilities. This article originally appeared on Athens Banner-Herald ...
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.).
Her own rental, a two-bedroom home, costs her just over $2,500 a month for rent and utilities. And she recently closed on a $525,000, four-bedroom, two-bathroom house in Englewood, Colo. Her ...
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."
A residential lease must include the parties, the premises (the address or relevant space), and the term of the lease. The lease term can be indefinite but must be stipulated as such in the document. Typically, leases will also include the price of rent per month or per term, but this is not legally required.
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