Table of Contents
How do you calculate TMI?
How does the landlord calculate TMI? Usually, your landlord will add up the total costs for annual taxes, insurance, and maintenance, and then divide it by the total square feet of the building. From there, the company multiplies the per square price by the number of square feet in your individual space. via
What does TMI mean in South Park?
Meanwhile, Randy Marsh gives a talk to the fourth grade class about human sexual behavior, presenting a ridiculously complicated formula for calculating "adjusted penis size" — or "T.M.I." — that transforms his below average penis length to above average. via
Is TMI paid monthly?
T.M.I. is paid monthly in addition to the base rent. via
Why would you want a triple net lease?
Why are Triple Net (NNN) Leases so Common? Landlords prefer NNN leases because they remove some of the unknown financial risk related to commercial property. If taxes or insurance increase, or if unexpected maintenance costs are incurred, then the tenant is on the hook to bear the burden of the additional expense. via
What does Randy say in TMI?
The song Randy sings after the T.M.I. chart is officially changed sounds strikingly similar to "Can You Feel the Love Tonight" from Lion King. via
What does TMI stand for?
too much information Avoid offering up TMI. via
What is the funniest episode of Southpark?
The 25 best South Park episodes, mmkay
Does TMI include utilities?
Utilities may or may not be included in this amount so it's best to clarify early. The amount of rent that gets paid as operating costs might be called additional rent or TMI (taxes, maintenance and insurance). One space that has a low rent might be offset by a higher operating cost compared to other properties. via
What does CAM mean in rental?
CAM charges are the costs of common area maintenance that landlords pass on to their tenants. These maintenance costs can be related to any cost of managing and maintaining the commercial property. via
What is CAM rent?
Common Area Maintenance (CAM) expenses are fees paid by tenants to landlords to help cover costs associated with overhead and operating expenses for common areas. CAM expenses are usually defined in the lease to clear up any ambiguity as to what they entail. via
Who pays for structural repairs in a triple net lease?
The triple net lease requires the owner to shoulder the cost of structural repairs. That responsibility makes it essential that the lease defines the projects that will be considered maintenance versus structural repairs. One can make an argument that replacing a roof is a repair or a capital expenditure. via
What are the three types of leases?
There are three categories of leases when it comes to commercial real estate: Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease. The main similarity among these leases is that they all provide a base rent with variations around who pays for which operational expense. via
Do I want a triple net lease?
The most obvious benefit of using a triple net lease for a tenant is a lower price point for the base lease. Since the tenant is absorbing at least some of the taxes, insurance, and maintenance expenses, a triple net lease features a lower monthly rent than a gross lease agreement. via