Sentences with phrase «tenants under lease»

Other tenants under lease retain their protections through the duration of their lease.

This led to the practice of commercial leases referring to other monies due to be paid by the tenant under a lease (e.g. service charge, interest, and insurance contributions) as a «rent».

Absent express language to the contrary in the lease or renewal documentation, personal rights and covenants that benefit the tenant under a lease cease to exist when a right to renew is exercised.

Almost without exception, shopping center leases contain subordination provisions stating that the rights of the tenants under the leases will be subject to the rights of any lender whose mortgage affects the shopping center.

Building features include; BTS for high - end body shop, two - story office, evap cooled shop with paint booths, large land parcel, fenced lot, Tenant under lease is a wholly owned Subsidiary of the Boyd Group.

Not exact matches

American Airlines said it won't sign its lease for a revamped O'Hare International Airport in Chicago, alleging its competitor and fellow tenant United Airlines would receive additional gates under a «secret» provision.

Ask any long term tenant under rent control whether they wished they bought the day they first signed the lease and they'd emphatically say yes.

In one case, she said the tenants at a strip mall she owns are responsible under a triple - net lease.

Under pressure from political leaders and tenant activists, the Rent Guidelines Board had voted two years in a row to freeze rents on one - year leases, and to permit increases of just 2 percent on two - year leases.

Under state and city rent regulations, tenants can continue renewing the lease in their rent - stabilized apartments for as long as they use it as a primary residence, and landlords can increase rent only by an annual percentage set by a city board.

Notably, discussions held under the auspices of the compact led Boston Public Schools to lease three empty school buildings to charter school tenants, and the district is planning to lease one more before the end of 2013.

In addition to the activities described above, the FAST Act expanded eligible purposes to include financing economic development, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TOD Projects).

Filed under Due Diligence, Landlording, Property Management, Rental Property, landlord investing, landlord laws, landlord property codes, landlord responsiblities, lease agreement, rental repairs, tenant laws, tenant responsiblities.

Pekin v. Murphy held that a lease which clearly shows the parties» intention for one party to accept responsibility for specific damage, the tenant is not a co-insured under the landlord's policy and therefore subrogation against the tenant may proceed, allowing the landlord's insurance company to make a recovery and keeping rates distributed fairly.

The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 4,900 real estate properties owned under long - term lease agreements with regional and national commercial tenants.

You must abide by not only the landlord Tenant Act, but also the terms of the lease under the previous home owner.

With nearly 250 commercial tenants generating annual revenue in excess of $ 1 billion, Realty Income Corp has cultivated the resources necessary to maintain the ideals of the company's founders — «to use the rent collected from commercial properties held under long - term leases to support monthly dividends to shareholders.»

We purchase commercial real estate leased to tenants under long - term net lease agreements, generally 10 - 20 years.

Under this structure, EPR will buy a new property and then lease it back to the former owner (now a tenant) under very long - term and inflation - adjusted rental agreemUnder this structure, EPR will buy a new property and then lease it back to the former owner (now a tenant) under very long - term and inflation - adjusted rental agreemunder very long - term and inflation - adjusted rental agreements.

For commercial projects large or small on property under lease to tenants, please contact the tenant directly.

However, the LLC or the corporation is still liable for the obligations under the lease for the balance of the term or until the landlord finds another tenant.

«This Tenant Subordination Agreement states that you, as the tenant, agree to subordinate your priority under your lease with the landowner to the Wind Farm Lease and provide your consent for EDF Renewables Development, Inc. and their affiliates to develop and use of the property, as indicated under the terms of the Wind Farm Lease.&Tenant Subordination Agreement states that you, as the tenant, agree to subordinate your priority under your lease with the landowner to the Wind Farm Lease and provide your consent for EDF Renewables Development, Inc. and their affiliates to develop and use of the property, as indicated under the terms of the Wind Farm Lease.&tenant, agree to subordinate your priority under your lease with the landowner to the Wind Farm Lease and provide your consent for EDF Renewables Development, Inc. and their affiliates to develop and use of the property, as indicated under the terms of the Wind Farm Lease.»

Assuming that the mold issue is resolved before the thirty day cap, does tenant A have any other legal reason to terminate the lease since they are unhappy with the new landlord, and their current lease was signed under the idea that Managing Company X would still be the owner of the property?

The landlord / tenant law with which I'm familiar already specifies that certain illegal activities are grounds for eviction, but it is possible that there are other illegal activities that would not be grounds for eviction under the law, but could be grounds for eviction if mentioned in the lease.

Anyone proposing to become a tenant under a new lease should therefore be willing to challenge an RPI - linked ground rent clause.

In such circumstances, it is possible to apply for a variation of the lease under Part IV of the Landlord and Tenant Act 1987.

When a Tenant has failed to act in accordance with a responsibility under the lease or a term of the lease (e.g. rent payment not made, failed to obtain permission prior to making alterations, etc.), the Landlord can use this legal form sometimes referred to a «Notice to Quit» or «Eviction Notice» to provide written notice.

Some of these flats were rented from the council under secure tenancies: others were owned under long leases having been acquired by tenants exercising their right to buy.

Against this statutory language, Lord Neuberger considered it to be clear that a lessee under a lease which includes the flat and other premises is a qualifying tenant, «according to the ordinary principles of interpretation», unless there is any clear indication to the contrary.

«For satellite dish installation permission — # 500 plus surveyor's fee for inspecting channels» CLRA 2002, Sch 11 gave tenants the right to challenge the liability to pay and reasonableness of an administration charge — for example, for consent to installation of a satellite dish or carrying out of building works, on providing information or documents or in respect of a failure to make payment under the lease — at a LVT and, ahead of service charges, obligated the landlord to serve, with a demand for the payment of the charge, a summary of the tenant's rights and obligations.

In each case, the freeholder opposed the lease extension on the ground that the head lessee was not a «qualifying tenant» under the Act.

My step dad just won a court case against this property management group because there is a section in the lease agreement that is illegal to have tenants sign under MD code.

After reviewing the course of action that the owner took upon learning about the smoking complaints (including attempts to negotiate an early termination of the lease), the Judge concluded that the owner had satisfied his obligation under section 119 of the Condominium Act, 1998 as he had taken all reasonable steps to ensure the tenants complied with the corporation's rules.

He has experience dealing with Disputes relating to written & unwritten leases & licences, Contentious & non-contentious tenancy renewals under the Landlord and Tenant Act 1954, Dilapidation disputes, Serving break notices, Commercial & residential service charge disputes, Possession claims, Residential tenancies, Forfeiture & s. 146 notices of the Law of Property Act 1925, and Recovering rent arrears.

The courageous argument of the tenants — or at least one of the two who participated in the second tier appeal, the landlords being unrepresented after two previous outings at which they were victorious and submissions being made by an advocate to the court — was that the landlords had been under an obligation to mitigate their loss and had failed to do so by forfeiting the lease despite knowing of the tenants» plight.

If the lease has expired and the tenant does not have an option then the landlord is under no obligation to offer a new lease; they do not have to give any reason.

Put in another tenant and, in relation to the unexpired residue, claim damages for any difference between the contractual rent under the first lease and rent collected from tenant put in and also claim contractual rent under the first lease during any void?

Under most state laws, that includes an» implied warranty of habitability,» meaning the landlord is not only required to deliver the property to the tenant in a habitable condition, but also maintain the property as such throughout the duration of the tenant's lease.

Similar to a standard lease, a Commercial Real Estate Lease with Option to Purchase means that the tenant may be able to purchase the property under certain conditions.

In any event a tenant considering such a gamble would do well to remember that the sympathy of the court is a real factor in litigation, and a party seeking to avoid its obligations under a lease would be unlikely to have its benefit.

The background facts were these: Clarence House was the landlord, and NatWest the tenant, of part of the ground and first floor of a building under a 25 - year lease.

The landlord served a counter-notice under s 45 in which it admitted the tenant's right to claim a new lease, but stated that it intended to apply for an order under s 47 (1) that that right should not be exercisable, on the basis that it intended to redevelop the premises.

As discussed earlier, under the landlord - tenant law that prevailed at that time, a landlord could be held liable only for failing to exercise reasonable care to prevent the common area from becoming less safe than it had been when the tenant first entered into the lease, or for negligently placing a dangerous obstruction in the common area.

So for instance, in the case of a store that is leased from a larger shopping centre, both the landlord and tenant may be occupiers who are liable under the OLA, depending on the particular facts and circumstances of the case.

We can not begin to understand why renting the property as short term lets through Airbnb would constitute use «for trade business» any more so than collecting rent from longer term tenants under an AST lease.

Clause 8 contained a tenant's break clause: by giving six months» written notice, the tenant could determine the lease on the «first break date» of 24 January 2012, under cl 8.1, or on the «second break date» of 24 January 2016, under cl 8.2.

However, please note that under the terms of most lease agreements, the original tenant will remain responsible for the terms of the lease.

Yes, it's understood that the replacement tenant should be equitable and otherwise eligible under the original lease similarly to the original tenant.

(Do keep in mind that, sometimes, a landlord may in fact release the original tenant from liability under an assignment of lease).

The case also acts as a reminder to tenants who may find it financially beneficial to be aware of the terms of their lease, as even if the payments are due under the contract, if the correct procedure for demand is not followed, no duty to pay service charges may arise.