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OT - Question for those who own a business but rent/lease the building.
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Last activity 2015-01-27 11:29 AM
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r_beau
Reg. Apr 2010
Posted
2015-01-27 5:17 AM
Subject:
OT - Question for those who own a business but rent/lease the building.
Born not Made
Posts: 2937
Location: North Dakota
Do you
(the tenant
) pay for property taxes?
Do you pay for the insurance for the exterior building?
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NJJ
Reg. Jul 2006
Posted
2015-01-27 7:48 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Fact Checker
Posts: 16575
Location: Displaced Iowegian
Personal experience....
No & No
Of course, a landlord can put anything they want into a lease.
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SpaceCowboy
Reg. Feb 2013
Posted
2015-01-27 8:50 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Veteran
Posts: 276
Only in a Triple Net Lease, which would include these specifics, otherwise no.
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bocephus's mama
Reg. May 2005
Posted
2015-01-27 8:53 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Baby Blue's
Posts: 7306
Location: Texas
My company has a triple net lease....so yes.
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WYOTurn-n-Burn
Reg. Sep 2004
Posted
2015-01-27 9:07 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
The Bling Princess
Posts: 3411
Location: North Dakota
r_beau - 2015-01-27 5:17 AM
Do you
(the tenant
) pay for property taxes?
Do you pay for the insurance for the exterior building?
I don't own my own business, but the office that we are in is rented. We do not pay the taxes; I'm sure a portion of the taxes of what the owner pays is paid by our monthly rent.
As for insurance on the building it really depends on the lease. The Lessee may require with Lessor to pay for the insurance walls in, which would be your contents coverage, however I've also seen some contracts where the Lessee requires the lessor to pay for the building insurance, but they've specified the limit, special form, replacement cost yada yada yada.
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barrelracr131
Reg. Aug 2011
Posted
2015-01-27 9:33 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Hungarian Midget Woman
Location: Midwest
My husband does not.
Read your lease. It will specify this information.
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TXBO
Reg. Aug 2009
Posted
2015-01-27 9:39 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Googly Goo
Posts: 7053
bocephus's mama - 2015-01-27 8:53 AM
My company has a triple net lease....so yes.
Same here.
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pinx05
Reg. Nov 2009
Posted
2015-01-27 9:40 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Chicken Chick
Posts: 3562
Location: Texas
No & No.
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r_beau
Reg. Apr 2010
Posted
2015-01-27 11:29 AM
Subject:
RE: OT - Question for those who own a business but rent/lease the building.
Born not Made
Posts: 2937
Location: North Dakota
Thanks for the responses. Was just curious!
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