1 / 10

Real Estate law Mississauga

Know about the complete obligations of New Code of Ethics along with the Disciplinary Committee changes, Complaints Procedure and Insurance Regulations, contact NDM Law's best Real Estate Law Firm in Mississauga.

ndmlaw
Télécharger la présentation

Real Estate law Mississauga

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Real Estate Law Firm Mississauga Powerpoint Templates

  2. Experts of real estate law in Mississauga tell you about various types of business leases Business lease or renting a commercial property can get complicated if you're not aware of the various know how's. Many people don't even know the types of business leases and get perplexed when they're asked to pay the extra cost which was mentioned in the agreement but they simply didn't know it.

  3. Experts of real estate law in Mississauga tell you about various types of business leases Gross Lease Net leases Net-Net Lease Net-net-net / “triple net” lease Percentage lease

  4. Gross Lease These are the most common leases signed these days. When a landlord rents you an office space, you'll be asked to pay a fixed standard sum every month. That amount will exclude building operational costs, insurance, taxes, repairs, etc. All the extra costs and building maintenance will be looked after by the landlord.

  5. Net leases In case of net lease, tenants pay, in addition to the base rent, a part or whole of the real estate taxes applicable on the said business premises. Except for taxes, operational costs, insurance, repairs etc come under the sole responsibility of landlord.

  6. Net-Net Lease Just remember that with each “net” payment responsibility of the tenant increase by a notch. In this case, the tenant has to pay for taxes and insurance apart from the base rent. Landlord will be responsible for building operational costs, repairs, maintenance etc.

  7. Net-net-net / “triple net” lease These are not common leases and are particularly seen in cases of industrial property rentals such as a factory. In these types of leases, renter pays for building operational costs, repairs, maintenance, insurance, and real estate taxes in addition to the base rent.

  8. Percentage lease In case of a percentage lease, tenant pays a fixed sum and a fixed percentage of his/her gross income as rent. This lease is prevalent in shopping centers etc. A business lease is a legal document and one should always consult real estate law firms before entering into such an agreement. A single loophole if overlooked can cost you unwanted expenses. For advice on real estate laws in Mississauga, contact NDM Law.

  9. Address: 168 Queen St. S. Unit# 214, Mississauga, ON-L5M1K8 Phone No:  905-997-8118 Email: info@ndmlaw.ca

More Related