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CVS New Ground Lease Dallas, TX
Investment Summary:
Ask Cap: 4.15% (Avg. 4.21%)
Remaining Term: 25 Years
Store Opening: June 23, 2016,
Building Size: 10,000+ sf
Land Area: 0.913 acres
Expenses: Absolute
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How to fill out cvs new ground lease
How to fill out cvs new ground lease
01
Start by gathering all the necessary information and documents, including the current ground lease agreement, any amendments or addendums, and any other relevant lease documents.
02
Review the current ground lease agreement and identify any provisions or terms that need to be updated or amended in the new lease.
03
Create a new lease document using a template or hire a professional to draft the lease for you. Make sure to include all the necessary clauses and provisions, such as rent amount, lease term, renewal options, maintenance responsibilities, and any additional terms specific to your situation.
04
Fill in all the required information in the new lease document, such as names and addresses of both parties, property description, rent amounts, and any other relevant details.
05
Review the completed lease document carefully to ensure all the information is accurate and all the necessary clauses and provisions are included.
06
Have both parties, the landlord and the tenant, review and sign the new ground lease document. It is recommended to have witnesses or a notary present during the signing.
07
Keep copies of the signed lease document for both parties' records.
08
Once the new lease is signed, make sure to notify any relevant parties, such as property management companies or lenders, about the new lease agreement.
09
Follow any necessary legal procedures, such as recording the new lease with the appropriate authorities, if required by local laws or regulations.
Who needs cvs new ground lease?
01
Anyone who owns or manages a piece of land that is leased to a tenant may need a new ground lease. This could include property owners, real estate developers, landlords, or property management companies.
02
Additionally, tenants who are leasing land and want to update or renew their lease may also need a new ground lease.
03
It is important to consult with legal professionals or real estate experts to determine if a new ground lease is necessary in a specific situation.
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