All Forum Posts by: Alexandra Isenhour

I have a tenant who moved out in May and a new tenant who moved in June. If there was a CAM fee completed in January 2023, would I prorate this expense to the new tenant even if it was completed when they were not in the building? 

How enforceable are option to renew clauses in leases? I bought a building in 2020 and the current tenants price per square foot is very low. Their lease expires in August and they have reached out to renew. Their renewal clause has a 2% increase per year for three years, obviously rental rates are not what they were in 2017 when this lease started. Can we request a higher rate that’s closer to market value? Or do we have to honor the 2% increase? 

How do you proceed with abandon cars on property? I evicted a commercial tenant at the beginning of December and she signed a paper stating she was abandoning everything in the unit. She left four cars on the property, she stated at the beginning of the month she would be removing them in a couple days and they’re still there since they are part of what she abandon are they considered mine?

I have $200,000 in regular income for a separate business and $200,000 passive income in real estate investments business and my accountant files them together. Shouldn’t they be filed separately? By filing together it ups my tax bracket so essentially I’m paying more. 

I own a commercial building with NNN leases in place. The building has awnings present only above the first unit. Should repairing/replacing these awnings be covered with CAM associated fees or should the tenant in said unit be responsible for the repairs?