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The sum of the security deposit is decided considering the premises of the property and the purpose for which the tenant is renting the property.
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Lease Properties • The commercial real estate management service keeps in mind the interest of the property owner for every clause in the document. During this process a real estate management agency like Madison Properties takes various factors of the property into consideration. These factors are at first discussed with the lessor and only then forwarded to the tenant.
Madison Properties Factor • Lease Tenure This is one of the most important point in a lease. The duration of the lease is decided only after consulting with the lessor. At any point in time the lease can be extended only with the lessor’s permission.
Madison Properties Factor • Security Deposit The sum of the security deposit is decided considering the premises of the property and the purpose for which the tenant is renting the property.
Madison Properties Factor • Rental Guarantee This is similar to the guarantee that a bank demands when sanctioning a loan. The amount of the guarantee or the kind of guarantee varies from lessor to lessor. • Critical Amenities Certain in built amenities like water supply and exterior construction are strictly under the authority of the property owner.
For More Information on Commercial Real Estate Management. Visit Us at: http://madisonprop.com