What Does Net Mean In A Lease? A net lease is a type of lease where the tenant pays a portion or all of the taxes, insurance fees, and maintenance costs for a property, in addition to base rent. Net leases are commonly used in commercial real estate. What is the difference between a gross
What Can Void A Lease Agreement? You are entering active military duty. Your landlord has refused to make a major repair and your rental has become uninhabitable. You’re the victim of domestic violence, stalking, or sexual assault. Your landlord has violated your privacy or harassed you. What makes a tenancy agreement void? Failure to pay
What Is A Contract Of Lease? A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor—the property owner or landlord—regular payments for a specified period
What Is The Main Difference Between Lease Options And Lease Purchase Agreements? The difference between a lease option and lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer’s inability to secure a mortgage.