My name is Cecilia, my husband and I live in Atlanta, GA and we have just inherited several real estate properties in California from a family member. We are thinking about keeping the properties and hiring a management company in Northern California to help us out. There are a number of things we are confused about and woudl like you to explain them to us and tell us how they relate to different properties.
- Escalation clause- What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
- Percentage lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
- Net lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
- Triple Net least? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
- Gross lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
- What does quiet enjoyment mean, and does it have anything to do with property management?
