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2024-12-14
Fix Highlight Lease Feature
Discover the Fix Highlight Lease feature, designed to streamline your leasing process. This tool simplifies the management of lease highlights, ensuring clarity and efficiency in your documentation.
Key Features
Automatic identification of lease terms
User-friendly interface for easy navigation
Customizable highlight options for specific needs
Integration with existing leasing software
Real-time updates for accurate information
Use Cases and Benefits
Enhance lease review processes for property managers
Aid in quick decision-making for tenants
Improve accuracy in financial reporting
Facilitate faster approval times for leases
Streamline communication between landlords and tenants
The Fix Highlight Lease feature addresses common challenges in lease management. By clearly marking key points, it prevents misunderstandings and legal issues. You will find that this feature not only saves time but also fosters better relationships between all parties involved.
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What is a repairing lease?
A full repairing and insuring lease (FRI Lease) is a lease in which the tenant takes on all the costs for repairs and insurance for the property being leased from the landlord. ... if the disrepair already existed when the lease was granted.
What is meant by clear lease?
The lease is the Landlord's document, and it is designed to protect the Landlord's income Sometimes you'll hear the term a clean lease It means the landlord gets clear income with no deductions from the rent for expenditure.
What is a clear lease?
Breaking Down the New Prolongs Clear Lease ... Essentially, it is an industrial gross lease where, in addition to base rent, the tenant pays a guaranteed amount of its pro rata share of common area maintenance (Cams), property insurance, management fees and capital repairs and replacements.
What is a gross lease vs a net lease?
Gross Lease: The tenant pays a set sum or gross amount for rent and the landlord pays all real estate expenses. Net Lease: Generally a lease in which the tenant pays for utilities, and property taxes in addition to rent or insurance.
What does it mean to lease a house?
What is a Lease? A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor, the property owner or landlord, regular payments for a specified period in exchange.
What are lease terms?
Lease Term Definition. Defined as the period of time in which a contracted lease is in place, lease term establishes the time period to both the lessee and lessor. Lease terms generally come on 3 forms: fixed, periodic, and indefinite. ... An example of this would be a real estate lease as compared to a software lease.
What is good and substantial repair?
So the words 'good and substantial repair and condition' mean that the tenant is required to keep the property and structure in that level of repair and condition (more later) Therefore, this would include an obligation to put the property into repair if it is in disrepair at the start of the lease.
What does good and Tenantable repair mean?
Tenantable Repair Law and Legal Definition. Tenantable repair refers to a repair which will render a premise fit for habitation. A good tenable repair is the obligation of a tenant to maintain the condition of a rented property. In Gena v. District of Columbia, 20 Ct.
What does good repair mean?
Good Repair Law and Legal Definition. Good repair in landlord-tenant law isn't subject to a precise definition, but is generally a state of repair that will satisfy a respectable occupant using the premises for ordinary uses, but not necessarily a state of repair desired by the tenant.
What is considered a structural repair?
Structural Repairs means repairs and replacements to the Building's foundations, load-bearing walls, columns and joists, roof, roof deck, and roof drainage system. ... Structural Repairs means repairs or replacement to the roof, foundation, floors, and permanent exterior walls and support columns of the Building.
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