what does the term "triple net" mean when leasing property by the sq. ft.?
82658
triple net lease \nA lease in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property.\n\ngross lease \nA property lease in which the landlord agrees to pay all expenses which are normally associated with ownership, such as utilities, repairs, insurance, and (sometimes) taxes.\n\nnet lease \nA property lease in which the lessee agrees to pay all expenses which are normally associated with ownership, such as utilities, repairs, insurance and taxes. also called closed-end lease.\n\ndouble net lease \nA lease in which the lessee pays rent to the lessor, as well as all taxes and insurance expenses that arise from the use of the property. The lessor pays maintenance expenses.
1147453
If your property is built on a 600 sq yard plot, and there are 20 flats/owners, then each flat owner owns 30 sq yds of land.\n\nIf you look at your sale agreement, it will mention the "land" you own.  This land is deemed indivisible - which means you cannot sell it as an individual piece.\n\nHope that helps.
70440
I think it's a Real Estate term used to say that the home has alot of extras.  It'll probably have an extra special (high) price too.
934868
My dad owns two appartment buildings besides the house we live in. One is a triplex and the other one is also a triplex but with a corner store.\n\nWe try to do all the maintainance ourselves, and if we cannot, we call someone, after researching best price for quality.\n\nKeep the rules tight, no loose ends. Always take the rent for a new resident for the first and last month. That way if they run away (happened to us twice), you do not actually lose anything.\n\nIf the tenants stay in the building for a long time and they are good, we try not to increase the rent much each year. For example, the grocery store guy gives started at like 700 per month, but after like over 15 years, we capped it at 1250.
533135
It depends on your lease agreement...you should have a copy.
431444
when you buy a house they assess on the purchase price. If you add on they will probably add the cost of the addition based on new values per square foot. www.mytaxcollector.com/TR/newHomeOwners.asp\nMIKE
809442
A residential investment might be housing units.  Non-residential might be a commercial property.
790035
You need to know cost per square foot.
1153254
I would guess that it is some kind of commerical zoning that is made for high growth (G1). Look it up or call the zoning department and ask them.
222320
ask the property manager of the commercial place.  they will usually accomodate you, and are eager to do it since some of the people will be spending money.
970247
You're confusing terms here.  Legally speaking, there are two types of property: (a) real property, including land and anything attached to land [for example a house, a pool, a fence]; and (b) personal property [which basically includes everything else].  To distinguish, when a renter buys and installs a "window box" air conditioner it's usually considered "personal property" since it is not permanently attached to the real estate.  On the other hand, if that same tenant installs central air, it is attached to the land and thus 'real property', with the result that, usually, it's instantly the property of the landlord.
1073154
There are so many possible "pitfalls" that I can't begin to describe them here.  Most commercial leases I've seen are 30-40 pages of single-spaced typing on legal size paper.  That means an awful lot of possible pitfalls.\n\nI recommend that you have the lease reviewed by an attorney before you sign.  The attorney will explain each of the provisions to you and may be able to negotiate some of those possible pitfalls with the landlord.
722454
How on earth can a loan double and triple?  Have you made any payments?  Or is this what is now owed, since the lender had to take you to court?  Doesn't sound right at all...missing information, here.
56535
You'll have to go by whatever you agreed to in your lease.  Your only other option is to try to talk to the landlord to see if they are willing to make any concessions.  Good luck.
79081
Commercial real estate is used for business and residential is used for living in.
83926
Depends on what you are doing, laying sod, seed, etc. Rates are usually by the sq. ft. Call around your area to find out what other companies are charging to get an idea.
1068870
Tenant Spaces\nMetered Flex Space Distribution