Cleaning within a Letter of Intent (“LOI”)
Simply stated, the LOI provision should provide whether the tenant or landlord will clean the premises, which party will pay for such cleaning, and the frequency and manner at which…
read moreSimply stated, the LOI provision should provide whether the tenant or landlord will clean the premises, which party will pay for such cleaning, and the frequency and manner at which…
read more(Part 22 of 24) | 4:24 Table of Contents
read morePart 22 Cleaning: Negotiating and Preparing a Letter of Intent (“LOI”) Previous ChapterTable of ContentsNext Chapter While we are on the subject of having a tenant’s become space spic and…
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read moreImprovements: Any permanent structure or work, such as planting trees or building a wall, that has the effect of increasing the value of the property itself. Indemnity | Indemnification: A…
read moreCapitalization Rate (a.k.a. “Cap Rate”): The rate of return on a real estate investment property based upon the income that the property is expected to produce. A capitalization rate can…
read moreBase Rent: Base Rent is the minimum or base amount of rent payment as set out in a lease and is often referred to as “fixed rent.” Generally stated, base…
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