by hoghawk on September 10th, 2009

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I own a commercial building with 8 commercial tenants on main level and 12 residential tenants upstairs. Switching from gross lease to a modified net lease. Currently we pay water and sewer for tenants, want to pass this charge to tenants. How?

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by Anonymous on September 10th, 2009
Either raise the lease payment amopunts at the next lease signing, or insert a provision in future lease contracts that upon the effective date of the new lease, the tenant shall be solely responsible for all water and sewage-related charges relative to their own leased quarters.

Make sure your attorneys do this, so the wording in the lease contracts is "legally correct."

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I own a commercial building with 8 commercial tenants on main level and 12 residential tenants upstairs. Switching from gross lease to a modified net lease. Currently we pay water and sewer for tenants, want to pass this charge to tenants. How?

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I own a commercial building with 8 commercial tenants on main level and 12 residential tenants upstairs. Switching from gross lease to a modified net lease. Currently we pay water and sewer for tenants, want to pass this charge to tenants. How?

Answers. 1 helpful answer below.

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