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SAHA Realtors
Rediscovering lifest... • 21d
Real Estate Lease Agreements A lease is a written legal agreement between landlord and the tenant that helps to establish the following : *How much the tenant will pay in rent. *How long the tenant is legally committed to stay. *Any additional payments by the tenant for taxes, insurance or maintenance. *Rent increase. *Renewal clause and options. *All rights, privileges and responsibilities of tenant and landlord. Types of lease : #Gross lease Here landlord agrees to pay all operating expenses and charges the tenant a rent that's over and above and covers the operating expenses (including taxes, insurance, management, maintenance and any other operating expenses). #Modified Gross lease : Here some operating expenses such as maintenance, insurance or utilities aren't paid by the landlord and are passed on to the tenant. #Net lease : Here tenants pay operating expenses and the landlord gets a net amount every month by charging rent over and above the total operating expenses.
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