Sentences with phrase «tenant is responsible for theirs»

Most leases have provisions stating the tenant is responsible for costs associated with prosecuting a breach of lease, re-letting, and collections, as well as physical damages to the property.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits

In a triple - net lease, the tenant is responsible for paying taxes, maintenance fees and insurance costs.

- Picture hangers employing a small nail or pin are permitted, however, Tenant is responsible for the cost of any repairs or painting required as a result of hanging pictures or other objects

Certain of these REITs structure their underlying investments as net leases in which the tenant is responsible for bearing real estate costs directly, such as property taxes, insurance, operating expenses, and capital items - in addition to rent and utility payments.

«Net - lease properties are easier and simpler to underwrite,» says Ralston, largely because the tenant is responsible for most expenses, including, in many cases, the roof and the structure of the building.

The double net lease is a lease in which the tenant is responsible for the majority of all expenses, excluding roof and structure, while the landlord may be responsible for...

* Double net leases, in which the tenant is responsible for the majority of all expenses, excluding roof and structure.

My lease states that the tenant is responsible for any clogs they cause.

Does anyone put in their leases that the tenant is responsible for clogged drain lines?

You will want to make sure you clearly specify what the tenant is responsible for; utilities, snow removal, parking, cleaning, access to common areas etc..

The landlord can state that they are liable for accidents outside of the house, but still on the property, and that the tenant is responsible for accidents within the property.

In other words, the landlord is responsible for the unit, and the tenant is responsible for the contents of the apartment, full stop.

The landlord is responsible for damages to the building and structure and the tenant is responsible for damages to the contents of the apartment.

In fact, some policies don't even go that far if a tenant is responsible for causing the situation.

Claims could include the building owner's deductible (generally up to $ 25,000), property of those who didn't have coverage of their own (since the tenant is responsible for the situation that caused the fire), and the injuries of those who jumped from the balcony.

Generally, (I'm a NC attorney, not a SC attorney), your tenant is responsible for the year of rent payments.

The tenant is responsible for keeping the unit clean as well as for repairing or paying for any damage caused by the tenant, their guests or another person living in the rental unit.

Even if the tenant is responsible for snow removal under a legal lease provision, the landlord could still face personal injury liability for slip and falls on snow and ice under the SJC ruling.

Can I use a lease which provides that the tenant is responsible for snow removal.

Unless the tenancy agreement says that the landlord will repair the premises, or the repairs that are required are major repairs, the tenant is responsible for the general state of the premises as well as any damage done to the premises.

As it turns out, buried deep in the lease agreement, is a clause that specifically states that the Tenant is responsible for the removal of those fixtures (even if the Tenant was not the one who installed those fixtures).

In is almost certain that they will be jointly and severally liable - that means that each and every tenant is responsible for the whole and the landlord, if they chose to pursue legal action can sue any or all of them.

Tenant is responsible for any service charges associated with choice of payment.

Net Lease Agreements Most of our leases are structured as triple - net leases, which means that besides paying rent every month, the tenant is responsible for the property's operating expenses (taxes, maintenance and insurance).

And the way their triple - net leases work is this: it means the tenant is responsible for net building insurance, net common area maintenance, and net real estate taxes on the leased asset.

For those readers not familiar with triple net leases, also known as NNN (not to be confused with the ticker symbol NNN), it is a contractual relationship where the tenant is responsible for property taxes, insurance, and maintenance costs.

Claims could include the building owner's deductible (generally up to $ 25,000), property of those who didn't have coverage of their own (since the tenant is responsible for the situation that caused the fire), and the injuries of those who jumped from the balcony.

Leased on a «triple net» basis where the tenant is responsible for the payment of taxes, insurance, and maintenance;

In most Rent to Own cases, the tenant is responsible for maintenance and repairs to the home during the lease period.

Like other pests, bed bugs fall under the routine maintenance of a home that all tenants are responsible for.

Landlords are not responsible for covering their tenants» belongings; tenants are responsible for supplying their own coverage with a renters insurance policy.

Rules may vary from place to place, but in general, your tenants are responsible for damages any damages caused by their children, guests, pets, and themselves.

Leases should say tenants are responsible for «any and all damages,» Hall said, so landlords can ask them to pay for any damage above the value of the security deposit.

Tenants are responsible for the safety of the people on their property, and these kinds of lawsuits are more common that you might think.

As you probably know, tenants are responsible for damages if they cause fires.

Like other pests, bed bugs fall under the routine maintenance of a home that all tenants are responsible for.

As we've seen in other posts, tenants are responsible for damages if they cause fires.

An owner is responsible for keeping a rental unit maintained and, in turn, tenants are responsible for notifying the owner, landlord or superintendent of any issues or damages as soon as they occur.

SC tenants are responsible for insuring the movable property that they bring into the house or apartment, such as furniture, dishes, stereos, televisions, computers, clothes and cameras.

Unless you are found liable for destroying your renters» property, your tenants are responsible for finding insurance policies that cover their own belongings.

Section 8 tenants are responsible for paying their own security deposit.

Perhaps I should charge more, however the tenants are responsible for all of the maintenance.

Tenants are responsible for paying the tax in England!

In most cases, the building's tenants are responsible for maintaining both the interior and exterior of the building; however, Seaman noted that if a tenant would like to expand or make improvements prior to the end of their lease term, the company would like the tenant to approach them for the capital.

Because your tenants are responsible for insuring their own belongings with renters insurance, your coverage does not need to include personal property insurance, except to cover tools and other items associated with your property maintenance.

Under the arrangement, tenants are responsible for the property's operating and capital expenses such as taxes, insurance and maintenance.

g. Tenants are responsible for damage / injuries, to person or property, from their pets inside and outside their Unit.

The tenants are responsible for all repairs and maintenance, as well as ALL utilities.

Not exact matches

It's unclear at this point if owners, tenants, or others will be responsible for the costs.