Tenant Responsibilities in Mitigating Damages After Lease Termination

Tenant Responsibilities in Mitigating Damages After Lease Termination

Tenant Responsibilities in Mitigating Damages After Lease TerminationAngora Legal Services
Published on: 22/05/2025

When a tenant violates a lease and vacates a rental property before the end of the lease term, the landlord has a legal obligation to minimize their damages. Landlords can reduce their losses and maintain a healthy rental market by taking steps to re-rent the apartment as quickly as possible. If a tenant decides to break a contract, they should be informed that they can still be liable for rent payments until the apartment is re-rented and that the landlord has a responsibility to lessen their losses.

Real Estate
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Legal Obligations of Landlords to Mitigate Damages After Tenant Breach

Legal Obligations of Landlords to Mitigate Damages After Tenant Breach

Legal Obligations of Landlords to Mitigate Damages After Tenant BreachAngora Legal Services
Published on: 22/05/2025

When a tenant breaks their lease and vacates a rental property before the end of their lease term, the landlord is often left with a loss of rental income. However, the law imposes a duty on landlords to mitigate damages, meaning they must take reasonable steps to minimize their losses and find a new tenant as soon as possible.

Real Estate
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How Capitalization Rates Shape Commercial Leasing Decisions

How Capitalization Rates Shape Commercial Leasing Decisions

How Capitalization Rates Shape Commercial Leasing DecisionsAngora Legal Services
Published on: 22/05/2025

Capitalization rates are a crucial tool that can assist interested parties in calculating the potential return on investment for a particular property in commercial leasing. In simple terms, the capitalization rate is the rate of exchange that an investor can expect to earn on a property. Capitalization rates are calculated by dividing the property’s net operating income (NOI) by its market value.

Real Estate
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Net and Absolute Leases Explained: Who Really Pays for What?

Net and Absolute Leases Explained: Who Really Pays for What?

Net and Absolute Leases Explained: Who Really Pays for What?Angora Legal Services
Published on: 22/05/2025

Net and absolute leases are common structures in commercial leasing, particularly for single-tenant retail properties, industrial buildings, and long-term investment-grade tenants. These lease types differ from gross leases by shifting more financial responsibility from the landlord to the tenant.

Real Estate
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