RE-160 Chapter Notes - Chapter 17: Security Deposit
18 Dec 2020
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Document Summary
A lease is an agreement between a property owner and tenant that transfers the rights of use and possession (but not ownership) to the tenant. All parties need to be aware of local rental market rates and the basic provisions of leases and management agreements, as well as other landlord-tenant issues. Transactions for the rights to use land and buildings. People, firms, and other entities are willing to pay various prices for the use of space for a variety of purposes (demand) Owners of space are willing to sell the rights to use such space for various prices (supply) Different locations - same building type prices vary . Different building type - same area . Rentable space is the tenant"s portion of the entire office floor excluding building elements that penetrate through the floor to areas above or below (this includes common areas such as bathrooms & halls)
