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In this case, year-long leases are good because it secures good tenants for a long period of time. A lot of landlords will recommend doing a year lease for your first year to help reduce turnover costs?just make sure your tenant screening process is strong.
When seeking NNN properties for sale or a commercial retail outlet lease, it is vital to understand how CAM differs from NNN. CAM is an acronym for Common Area Maintenance, while NNN features three nets, including CAM, property tax, and insurance.
A West Virginia month-to-month rental agreement is a short-term lease that ends when written notice is provided by either the landlord or tenant. The minimum required notice period is thirty (30) days. If not notice is made the lease will continue for an indefinite period.
There are different types of leases, but the most common types are absolute net lease, triple net lease, modified gross lease, and full-service lease. Tenants and proprietors need to understand them fully before signing a lease agreement.
There are different kinds of lease arrangements. It makes sense to consider them all to see which is best suited to your business, your particular circumstances and the asset that you are acquiring. The three main types of leasing are finance leasing, operating leasing and contract hire.
Landlords are required to have a West Virginia Business Registration Certificate with the state tax department upon filing for their business license. The fee for a rental business license is $15.00.
A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property. That might include one or multiple additional expenses, including: Utilities.
A West Virginia rent-to-own agreement is a lease that contains an option to purchase, enabling the tenant to buy the property before the agreement expires. The tenant's buying rights are acquired through the payment of an upfront, non-refundable option fee.