Have you ever stumbled upon the question, ‘What is a lease fulfillment fee‘? It’s a common query, especially for those first stepping into the real estate market. According to a 2021 report by the National Association of Realtors, nearly 33% of tenants are unsure about various leasing fees. A lack of understanding can lead to …
Buying a house is a significant milestone, but the process can be complex and filled with jargon. One term that often raises eyebrows is “buying a house on contract.” So, what does buying a house on contract mean? In 2020, nearly 5% of home purchases in the U.S. were made using this method. It’s a …
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What Is A Pre Lease Agreement: Caught in a web of residential policies and uncertain about ‘what is a pre-lease agreement’? You’re not alone! A 2021 survey by the National Apartment Association shows over 50% of tenants are unsure about lease laws and their implications. Such ambiguity can result in unintended violations and unnecessary costs. …
Wondering what is an index lease? We’ve got you covered! According to a recent study by the Real Estate Research Corporation, index leases make up about 35% of all commercial leasing agreements. An index lease, a type of real estate contract, links rental fees to a specific benchmark like the Consumer Price Index. This strategic …
Are you a renter in the hunt for a new apartment? Perhaps you’ve been hearing the term and find yourself wondering, “What is a look and lease special“? According to Statista, in 2020, more than 43 million households in the United States rented their home or apartment, and many were likely searching for the best …
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What Is CAM In Commercial Lease: Wondering ‘Wat is CAM in commercial lease’? You’re not alone. According to a 2020 survey by the Institute of Real Estate Management, about 63% of small business owners report uncertainty around CAM charges included in their commercial leases. CAM (Common Area Maintenance) costs are often a confusing concept, which can lead …
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In A Triple Net Lease Who Pays For Property Maintenance?: Ever paused to ponder, ‘In a triple net lease, who pays for property maintenance?‘ Well, you’re not alone. A 2021 survey by The Balance SMB indicated that nearly 56% of tenants and potential investors find triple net leases confusing due to the multiple responsibilities assigned. Never fear, …
In A Triple Net Lease, Who Pays For Property Maintenance: A Guide Read More »
What Happens At The End Of Your Lease: Ever thought, ‘What happens at the end of your lease’? You’re not alone. Indeed, data from a 2021 survey by the Rental Protection Agency suggest over 30% of renters report uncertainty about the end-lease process. Lease Termination You might be familiar with the adrenaline rush of signing …
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Do you find yourself wondering, “what does lease commencement date mean“? Fret not! According to a recent survey, an overwhelming 62% of first-time renters report that they’re unsure about this essential real estate term. Knowing your lease commencement date is imperative, as it serves as the starting point for your lease terms, including rent payments …
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How Long Is A Typical Lease: Casting an eye on your first apartment or making a move from one rental to another? One question likely crops up: ‘How long is a typical lease‘? With 69% of landlords favoring yearly leases as per a 2019 National Apartment Association survey, it might seem like your options are limited. …
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