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> These businesses should be paid by the landlord to occupy (and therefore maintain) the property for them. Maintaining the property and occupying the property
by PragmaticPulp 4y ago
> These businesses should be paid by the landlord to occupy (and therefore maintain) the property for them.
Maintaining the property and occupying the property aren't the same thing. It doesn't make sense to equate the two.
Landlords are responsible for maintaining the property. Maintaining commercial real estate is actually quite expensive.
It's definitely less expensive to own and maintain an empty property than to own and maintain a property with $0 renters who are putting wear and tear on it.
- etchalon 4y agoDepends on your lease terms. Many, if not the majority, of commercial leases, including mine, are Net leases, which have the business maintaining the property (and paying the property taxes in the case of a triple Net lease). And many, if not most, commercial leases are not year to year, but over three or five years.