Section 4 Description of the Property

• Library: Real Estate Leasing and Landlord-Tenant Actions and Remedies 2011

In some situations, rent is determined on a square-foot basis or the landlord and tenant share the costs (or increases in costs) of repairs and operating expenses of common facilities on the basis of the area of the leased property to total area of the entire project. In these instances, the actual area of the leased property and the manner in which the area is determined are of significance to both the landlord and the tenant. If the rent is a fixed amount for the leased space (i.e., not based on the exact...