Recent content by Mirta

You have the point. I did some reading, and I found the answer. Now I have a list of CAM expenses and I do not need legal help. By the way, it was a very simple question.

Maybe someone will volunteer to list the Common Mtce expenses always listed under an N in the lease.

The Lease has been signed. It is a standard NNN lease consisting of Basic Rental and Additional Rental or NNN. NNN includes Real Property Taxes, Insurance and Common Area Mtce. Common Area Mtce is a term which can be interpreted broader and/or narrower. So, to be more specific in my question...

Hypothetically partners could ask to dissolve the partnership, but that is not going to happen. All general partners have a lot to lose and nothing to gain if the partnership dissolves.

What expenses to include and what expenses to exclude from NNN?

I wrote it as a question, and you wrote it as an answer.

Alright. Let say, I modify a lease, lower the rental, sign it on behalf of the partnership, and it becomes valid. Tenant pays the new lower rental as per the Amendment and some partners are very unhappy. So there is a happy tenant on one side, and several very unhappy general partners, who...

Hello. I agree with everything you say. I am a partner of landlord's partnership, trying to act as a Good Samaritan. But as you pointed out - "there is no loophole". I can act on behalf the the partnership individually and modify the lease. However, that can result in a quarrel/quarrels among...

4$ SF is an average SF price in the area. The premises required extensive remodeling which took one year to accomplish. The lease is a NNN lease. Landlord does not have a mortgage. Tenant ran out of money remodeling. Put all together, I find a plea for a modification as being very reasonable...

That is right.

Thank you.

Sorry I did not answer promptly. However, I have received the answer from MightyMoose.

True. However, I just found out about it by an accident, and would like to insist on a modification, so that the tenant pays $4 SF for 900 SF, with a modest increase in rent in the future. I am familiar with the law, yet I don't know how to make this happen.

I agree. However, he is not the only one. I wish to add that there are many tenants running good businesses, who have long, elaborate, leases, but do not know what's in their leases.

Before signing a lease, tenant asked landlord to explain why landlord said 1500 SF, when the premises had only 900 SF. Then the contact between the two was interrupted because of the Christmas holidays. When landlord returned, he said that the price was based on something else not the SF, and...