CHAPTER 5 LEASES_no notes - Chapter 5 Leases Learning...

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Chapter 5 Leases
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Learning Objectives Define four kinds of leasehold estates Name elements of a lease Summarize ways to protect owner financially Discuss why owner should control assignments & subletting
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Leasehold Estates – Based on Common Law Estate for Years Estate from Period to Period Tenancy at Will Tenancy at Sufferance
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Types of Lease Payments Gross Lease Residential Gross Commercial:  Full Service Gross Net Lease – Industrial and Retail Net  (N): Property Tax Net Net  (NN): Property Tax and Insurance Net Net Net  (NNN): Property Tax, Insurance and Common Area  Operating Expenses including Utilities Percentage Lease - Retail Base rent plus % of gross receipts Possible recapture of space if gross sales low Using Software Management
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This note was uploaded on 10/10/2011 for the course REAL ESTAT 101 taught by Professor Green during the Spring '09 term at Irvine Valley College.

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CHAPTER 5 LEASES_no notes - Chapter 5 Leases Learning...

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