Sentences with phrase «lease clause»
A renters insurance lease clause ensures that you are able to make good on that obligation, should it become necessary.
effectivecoverage.com
The most hated of lease clauses — the insurance clause — is not only frequently ignored, but is also poorly understood by almost everyone in the real estate industry.
Generally landlords get whatever amount of money they ask for, as well as whatever lease clauses they desire to put in there because of the level of competition.
A renters insurance lease clause ensures that you are able to make good on that obligation, should it become necessary.
So, for example, it should ensure that standard lease clauses are drafted in a way that enables the parties to fulfil their obligations in the most environmentally appropriate manner.
Here's a sample lease clause that you could use to require renters insurance, however please have a local attorney review the clause above for your own usage.
As a landlord you want to be aware of how lease clauses will affect value and your ability to sell or finance the property.
Keeping a building green requires specific leases clauses as well as cooperation from the landlord and tenants.
If, on the other hand, there's a loss that you're responsible for, a couple of things will happen if you violate the renters insurance lease clause.
Generally landlords get whatever amount of money they ask for, as well as whatever lease clauses they desire to put in there because of the level of competition.
In both cases, new frontiers in lease design are being created in lease clauses pertaining to expansion / contraction options, assignment and subletting options, as well as creative new ways to securitize the leasehold.»
Kira Systems» software, Kira, automatically identifies and extracts material contract lease clauses into an exportable summary chart to accelerate and improve the accuracy of lease review, Neota Logic's technology then enables rule - based decisions to be automated on the extracted data, based on the level of risk involved in the terms.
The three firms advised BBP on the production of model green lease clauses and a memorandum of understanding in relation to green leases.
Summarize and extract lease cost clauses into database using common lease clauses and abstract form and associate's interpretation of pertinent lease information.
Simplify the management of your office, industrial, and retail properties by automating complex lease calculations, including lease clauses, breakpoints, offsets, estimated payments, and recoveries.
If she moves her stuff into storage and breaks her lease (allowed under military lease clauses) at her apartment, she could bank most of that income.
It was only the eruption of anger in the popular press that prompted national house - builders to issue grovelling apologies and promise to remedy the offending lease clauses.
New lease clauses to address CRC empower landlords to allocate costs to buildings within its portfolio on a «fair and reasonable basis».
That warning label not to change the blades on a chainsaw while it's running wouldn't be there if someone hadn't tried to do just that, and a non-standard lease clause probably wouldn't be there if there wasn't a reason for it.
Responsible for handling leases, for analyzing lease clauses, preparing vacancy reports or for enforcing tenant compliance
I since found that becoming very specific include a break lease clause has saved me so much heartache.
In a tough market, it's tempting to take any lease, but ignoring noncompete lease clauses can cost you a tenant, get you in a lawsuit, and undermine percentage rents.
Gain valuable insight into lease agreements by reviewing commercial lease clauses and their corresponding legal and business implications from the perspectives of a commercial real estate broker and a commercial real estate attorney.
Read chapter three of our Complete Guide to Rental Leases for more on important rental lease clauses, including the buy - out clause.
Jay, my brother is is real estate development and between us both, below are some of my favorite lease clauses.
Advanced Lease Analysis (MCR Elective) April 26 - 27, 2018 Atlanta, GA US Examine objectives of lease clauses from viewpoints of landlord, tenant and legal counsel and analyze situations in office, warehouse, industrial and retail leasing.
We also added a few pre-built lease clauses that you can elect to add to your lease that many of our landlords have been asking for, including:
Now in its fifth year, the Green Lease Leaders recognition program celebrates and validates leading - edge landlords and tenant companies in the commercial office, retail and industrial sectors who are breaking down barriers to higher - performing buildings by addressing energy and water efficiency through smart and green lease clauses and corporate guidelines.
Licensees cover sales agreements and what do do when a licensee is a principal in a transaction, followed by leases and common lease clauses.
The renters insurance lease clause will generally require you to have a policy that covers at least a certain amount of liability, insures everyone in the household, and lists the landlord or their agent as additional interest so that they'll be notified if the policy cancels, lapses, or otherwise does not remain in force.
The University of Indiana's Student Legal Services has compiled a list of lease clauses to look out for:
That lease clause also probably contains enforcement provisions.
To avoid unpleasant surprises, ask your relative to include in the lease a clause about whether or when the property might go up for sale.
What are the lease clauses in case one of you needs to move out?
@Nij in at least one state, New York, a lease clause saying «no subleases» is invalid, because landlords may not «unreasonably» withhold their consent to a sublease.
While that lease clause is a bit more specific than some, there's an excellent reason for it.
That lease clause also probably contains enforcement provisions.
The renters insurance lease clause will generally require you to have a policy that covers at least a certain amount of liability, insures everyone in the household, and lists the landlord or their agent as additional interest so that they'll be notified if the policy cancels, lapses, or otherwise does not remain in force.
If, on the other hand, there's a loss that you're responsible for, a couple of things will happen if you violate the renters insurance lease clause.
Marcia I like your lease clauses about protecting the plumbing.
After dealing with such issues in the past I have written into my lease a clause stating the hourly rate that the tenant pays for damage for which they are responsible.
It ruled the trial judge could decide if the lease clause for exclusive rental was clear or ambiguous.
In previous panels, landlords have shared invaluable tips and techniques related to acquiring properties, rehabbing for renting, screening tenants, lease clauses, eviction tips and much more.
Because of their specialized knowledge, brokers are key negotiators during the leasing process, and as such, have the ability to encourage energy savings by helping landlords and tenants agree on green - lease clauses.
But remember — any lease clause is only as good as its enforcement.