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11 March 2014 | 10 replies
I have a potential tenant who wants to lease for 6months instead of 1 year, my standard lease.I said the deposit is 1 month rent for 1 year.
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12 March 2014 | 4 replies
I have 15 days after he moves to give his deposit back.So, I need to know exactly how much the repairs will be.
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13 March 2014 | 12 replies
Joe Smith investor would rather get 15% total return YoY in a SFR than 2-6% in the slots market)As others stated above, you may need to differentiate your market or method of sourcing deals.
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13 March 2014 | 4 replies
These tenants have already paid first month's rent and a security deposit.
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13 March 2014 | 2 replies
here is part of the proposal:STORE SIZE & LOCATION:The demised premises will consist of approximately 2,000 square feet.Said premises to be located in the Shopping Center as shown on the attached site plan.LEASE COMMENCEMENT:Upon mutual lease execution and Landlord’s delivery of the demised premises.TERM:The Term of the lease shall consist of a period of ten (10) years commencing one hundred twenty (120) days from the date Landlord notifies Tenant that the premises are ready for possession or upon opening for business, whichever date shall first occur.RENTAL: Tenant shall pay Rental during the first year of the primary lease term an amount equal to $31.00 per square foot on a triple net basis.Tenant’s annual rent shall escalate at the rate of three percent (3%) per year.Said Rental will be payable in equal monthly installments.OPTION TO RENEW:Tenant shall have one (1) five (5) year option to renew this lease.The Rental in the first year of the option period will be three percent (3%) greater than the rent in year ten (10) of the primary lease term.Annual Rental shall escalate at the rate of three percent (3%) per year.PROPOSED USE:A first-class frozen soft-serve yogurt operation similar to other Frozen Yogurt locations and for no other purpose (to be further defined in lease).ADDITIONAL CHARGES:REAL ESTATE TAXES:Tenant shall be required to pay its pro rata share of real estate taxes and assessments on the land and improvements on the shopping center site, estimated to be $1.25 psf.INSURANCE:Tenant shall be required to pay for its pro rata share of fire and extended coverage insurance on the building, estimated to be $0.29psf.COMMON AREA MAINTENANCE:Tenant shall be required to pay for it’s pro rata share of Common Area Maintenance costs, estimated to be $2.44 psf.LIABILITY INSURANCE: Tenant shall provide liability insurance in keeping with the requirements of the Landlord and/or Landlord's mortgagee.STORE FINISHES:Landlord will deliver the demised premises to the Tenant with RTU’s in good and working order but otherwise in “As-Is” condition.All improvements will be at Tenant’s sole cost and expense.SIGNAGE:Tenant may use its logo and colors for said Signage on the fascia of the said premises as long as it is subject to the Landlord’s sign criteria and governmental agencies governing the project.SECURITY DEPOSIT:A Security Deposit equal to $2,500 is due upon execution of this Letter of Intent.
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13 March 2014 | 13 replies
The previous owner did not collected a pet deposit.
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19 March 2014 | 17 replies
I said large dogs do damage and landlords in my province can't collect damage deposits or easily recover the costs of damage.
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18 March 2014 | 2 replies
Sure, they could, but without a strong relationship or a deposit in hand it may not be the best business practice.
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26 February 2019 | 12 replies
I won't hold a unit for more than 1/2 month once I get a deposit to hold it.
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24 March 2014 | 15 replies
Hi,A few facts:- Triplex under contract- 100% occupancy- FHA loan secured- 100% tenants on month to month leases- Due Diligence stage is almost complete.The questions:- The tenants are long term and I think that any hope of getting a security deposit from them is low.