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To ensure a hassle-free rent payment, try to make payments mid-week. “In my practice, I’ve noticed that the best days to handle significant online transactions like rent payments are mid-week ...
Tenants can use RentRedi’s Credit Boost feature to report on-time rental payments to Experian, TransUnion and Equifax. The RentRedi app offers three pricing models for rent reporting: $3.99 per ...
According to New York law, landlords require court intervention in order to evict a tenant who refuses to pay rent. That means New York landlords may have to hire a lawyer and go through a lengthy ...
NNN lease. In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
James Skelly Wright. Javins v. First National Realty Corp., 428 F.2d 1071 (D.C. Cir. 1970), was a case decided by the D.C. Circuit that first established the warranty of habitability in landlord–tenant law. The court determined that if the premises become uninhabitable, the tenant is freed from their obligation to pay rent.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.). In such a lease, the tenant or lessee is ...
One woman in the Charlotte area recently reported paying $68 extra for the ‘convenience fee’ of paying rent online. ... The fee can range from $5 to more than $60 per rent payment. One tenant ...
Common area maintenance charges ( CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.