- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Concurrent Lease
A concurrent lease is a new lease that overlaps the current one and would becomes the basis of the leasing terms when the current contract expires.
This usually occurs when a new tenant takes over the premises from a present one.
As the present tenant’s lease has yet to expire, a desire to vacate the property nevertheless can lead to a concurrent lease being accepted by another tenant to “takeover” the contract.
This arrangement could be due to a landlord who refuses to release the leaving tenant from the terms of the current contract as the terms or rental are very favorable towards him. Leaving the tenant to seek someone else to takeover the lease.
Either that, or the rental is so attractive that another tenant insist on carrying on with it. Creating a concurrent lease.
Upon the expiry of the old lease, the terms of the new contract would become the new legal basis between tenant and landlord.
 |
 |
 |
 |
Latest Singapore home loan rates |
Hidden items that bring up mortgage costs |
Hiring a competent agent |
How to burn more calories in the office |
Search From Hundreds Of Publications
0 comments