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File protection is active. The gross lease puts a considerable amount of liability on the landlord. If anything were to happen to the rental, the landlord would be required to front the bill.
Additionally, if the tenant s decided to excessively use electricity, water, heat, or another utility, the landlord would financially suffer. There are ways landlords can work a gross lease to their benefit, however. One example is if the landlord has plans to install waste-saving plumbing and toilets, or they plan on generating their own electricity via solar, wind, or another alternative energy. By locking the tenant into a rent that includes the cost of the current utilities at the beginning of the lease, and then making the energy-efficient additions to the property, the landlord can end up saving money that they would have previously not seen because the tenant would be paying for utilities.
To understand the three 3 types of net leases, one needs to understand what each net entails. The three nets are:. Triple net leases , the most popular type of net lease, includes all three 3 of the above operating costs, requiring the tenant to pay for the property taxes, insurance, and any common area maintenance CAM charges driveway maintenance, administrative fees, common area lighting, window washing, etc.
If the rental was partially destroyed in a tornado, for example, the tenant would be liable for all costs associated with the repair. Double net leases require the tenant to pay for two 2 of the nets, which are 1 property taxes, and 2 insurance. For example, if a tenant is renting a 3, sq. A modified gross lease is formed by taking parts from both the gross and net lease. During negotiation, a rental amount will be set for the entire duration of the lease.
This is unlike a net lease, which can fluctuate depending on the use of utilities and other operating expenses. The following are terms that are essential in finding the rentable square footage of a commercial property:.
There are three important metrics to understand in terms of identifying the total number of square feet a commercial tenant would be charged for. They are:. Using a ruler, the landlord should measure every room and space in the entire property, taking account of which areas are common areas and usable space. The load factor is the value used to determine what percentage of common areas the tenant should be responsible for.
Once all measurements have been made, it is a straight-forward value to calculate:. Once the landlord knows the Load Factor, they can use it to calculate the total rentable square feet the tenant would be responsible for paying for.
To calculate, all the landlord has to do is multiply the square feet of the rental by the load factor, as shown:. A 50, sq. To identify the load factor, the calculation would look like the following:. If a tenant is looking to lease a 10, sq. Unlike the rentable square feet, which is generally unchanging although methods in measuring can produce different results , the base rental rate fluctuates based upon a number of variables, which are:.
This is a valuation metric used for separating income and expenses, ensuring the landlord understands the lowest base rent they can charge without incurring a loss. The costs involved in the NOI are directly related to the third 3rd step. The additional rate for operating expenses depends on the type of lease that is used for renting out the property. The major types of commercial leases are Gross, Net, and Modified leases.
The only prerequisite - in case you are not the owner of the shared folder - is that you must have Editor permission. You cannot add files to a shared Drive folder if you are a Viewer or Commenter. Since the mobile interface is very different, the method to upload PDF to Drive is also slightly different. First, you will need to install the Drive app on your device.
Select your file in your file manager and tap Upload again. The file will be uploaded to whatever folder you are currently in.
You can do this with any other file type, including media files such as videos and audio tracks. Google Drive allows you to open the file or preview it, share it with others using a secure permission-based link, co-edit with others on Google app files only , download back to desktop or mobile, move to another folder or make a copy, delete it from Drive, publish to the web, see the version history and restore older versions, make it available offline, rename it, and so on.
It will merely show you a preview of the contents. Some will allow you to overwrite content on top of existing text, etc. For better results, consider using products from the Wondershare ecosystem of software applications for desktops and online use.
Designed for PDFs, Wondershare Document Cloud is a secure cloud storage service with a special feature that allows you to create electronic signatures, apply them to documents, and even send PDFs to multiple people for signature collection in a couple of different ways. Select PDFs from your local hard drive or external drive, or even mobile memory, and hit Upload to confirm. The files will be visible in the Recent Document Activity section of the Home tab or directly in the Document tab.
Once the PDF is stored on the cloud, you can do the following:. Use the Share button to upload the file. There are some very productive users for Google Drive, especially if you use it for your business needs.
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