This office lease form is an audit provision by the tenant. The landlord shall provide to the tenant with calculations of costs and detailed along with the average building occupancy for the year. The tenant shall have the right, at its own cost and expense to audit or inspect the landlord's detailed records each year with respect to building operating costs, as well as all other additional rent payable by the tenant pursuant to the lease for any lease year.
Indiana Tenant Audit Provision - Pro-Tenant Perspective
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FAQ
The Indiana landlord-tenant laws specify that tenants have the legal right to seek habitable housing without any kind of discrimination against them. Additionally, they have the right to request repairs for any damages that the premises have sustained.
A percentage lease requires commercial tenants to pay to the landlord a set percentage of gross revenue earned from business conducted at the leased premises. This percentage is added on top of a base rent, but the base will be set lower than it would be on a standard lease, making it attractive to tenants.
A gross lease is the simplest form of commercial real estate lease. In a gross lease, the landlord is responsible for paying all operating expenses, including property taxes, insurance, and maintenance.
Tenant shall have the right to audit Landlord's books and records relating to Operating Costs and/or Taxes with respect to the period covered by each such report within six months after receipt of such report (such six month period being called the ?Audit Period?) by delivering a notice of its intention to perform such ...
As used in this chapter, "retaliatory act" means any of the following actions taken by a landlord in response to a tenant's engaging in a protected activity: (1) Increasing the amount of the tenant's rent. (2) Decreasing, terminating, or interfering with services provided to the rental premises.
It's legal for a landlord in Indiana to raise rent by any amount they see fit ? there's no state-wide cap.
Landlords are typically required to give proper notice to their tenants if they plan on entering the property. If they do not give this notice, then they do not have legal access to enter the property. If a landlord does enter the tenant's unit without notice, especially more than once, it is considered harassment.
The term net lease refers to a contractual agreement where a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent. Net leases are commonly used in commercial real estate.
Your landlord cannot turn off your utilities. You have the right to privacy in the rental premises. Your lease agreement likely says when your landlord may come into your home. Usually, lease agreements say that your landlord may come in to do emergency repairs, routine or needed maintenance, and inspections.
A gross lease is a type of lease agreement where the tenant pays a fixed rent amount to the landlord, and the landlord is responsible for covering all operating expenses including property taxes, insurance, and maintenance costs.