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2021-01-06
Sort Initials Lease Feature
The Sort Initials Lease feature streamlines your leasing process by organizing your lease agreements based on initials. This simple yet effective tool enhances your operational efficiency and improves the management of tenancy documents.
Key Features
Sort lease agreements by tenant initials for easier access.
Quickly locate specific leases without sifting through clutter.
User-friendly interface that simplifies document management.
Potential Use Cases and Benefits
Property managers can organize multiple leases quickly.
Real estate agents can enhance their service by providing faster responses.
Landlords can keep track of tenants more effectively.
By using the Sort Initials Lease feature, you can resolve the chaos often found in lease documentation. This organization method cuts down on time spent searching and allows you to focus on what truly matters: providing excellent service to your tenants.
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What is IG in commercial lease?
IG stands for, Industrial Gross rent. ... Unlike NNN Rent, the IG rent will cover some commercial property operating expenses you would normally have to pay on top of the Base Rent.
What does mg mean in commercial lease?
A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease's inception, but it takes on a proportional share of some other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
What does mg stand for in a commercial lease?
A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease's inception, but it takes on a proportional share of some other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
What is a gross lease in commercial real estate?
There are three basic types of commercial real estate leases. ... The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses. The net lease has a smaller base rent, with other expenses paid for by the tenant. The modified gross lease is a happy marriage between the two.
What is the difference between a triple net lease and a modified gross lease?
Under the terms of a triple net lease, a tenant must pay rent and all operating costs related to the property. Under the terms of a gross modified lease, a commercial tenant pays some, but not all, of the operating costs.
What should a commercial lease include?
whether the rent you pay includes insurance, property taxes, and maintenance costs (called a gross lease); or whether you will be charged for these items separately (called a net lease) the security deposit and conditions for its return.
What is the difference between a commercial lease and a residential lease?
The most significant difference between a commercial and residential lease is obvious: commercial leases are used for commercial properties while the primary purpose of a residential lease is to provide a property in which someone will live.
What is a commercial lease?
Agreement between a landlord and a business outlining terms and conditions of property rental. A commercial lease is specific to renters using the property for business or other commercial purposes versus residential use.
What is a residential lease?
The term residential lease agreement refers to the legally binding contract made between a landlord and his tenant and contains all the terms for renting a house or apartment as a residence. This document is also known as an apartment rental agreement or a landlord-tenant lease.
What does it mean to lease a business?
Typically, Business Lease Agreements involve you leasing a pre-existing business as-is, with all the equipment, real estate space, etc. You are basically acting as a manager, but instead of being paid a salary, you lease the business from the owner and pay a monthly rent for the right to operate it.
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