-A long-term panning document. It establishes the framework and key elements of a site reflecting a clear vision and adopted in an open process. it synthesizes civic goals and the publics aspirations for a project, gives them form and organization, and defines a realistic plan for implementation, including subsequent approvals by public agencies.
-This instrument typically includes restrictions on buildings and other structures, such as setback, size, height, shape, and other features.
-A comprehensive plan covers things such as occupancy limit, parking structures, suburban and rural residential districts as well as commercial and private land use.
-Is a limitation in a property deed that dictates how the property may, or may not, be used by the property owner. Explained in another way, deed restrictions are provisions in a property's deed that include rules for the home, and/or for the plot of land a home sits on.
-Sometimes deed restrictions are there because a homeowner's or condo's owner association put them there. Sometimes the restrictions were added to the deed by a previous property owner, the builder, or a township.
-There are different types of deed restrictions, one thing they all have in common is that they are often permanent, and difficult to remove. Deed Restrictions "run with the land", so they will potentially impact everyone whoever buys and resides in that particular piece of property. The only exception is that the deed restriction that came with an expiration date that has since passed, or one that was struck down by a court ruling.
1. Restrictions on what homeowners or their tenants can keep in their front yards. (Recreation vehicles, mobile homes, cars that are no longer operating, boats, trailers)
Basically to prohibit homeowners from turning their yards into junkyards.
2. Restrictions on the structure itself. The deed restriction may limit the number of bedrooms or bathrooms the house can legally have. Or the deed may say the home may one be used as a single family dwelling.
3. Restrictions about adding structures to the property, or adding on to existing structures. Sometimes deed restrictions limit the types of additions or improvements a homeowner can make to their property. (This may include restrictions against adding more than one garage, adding a workshop, a pole barn, or a shed).
4. Business Restrictions. A property owner who wants to operate a business out of their home might be prohibited from doing so if the property deed restricts it. The idea behind this type of restriction is to protect the neighborhood from what could be additional vehicle or foot traffic.
5. Restrictions about how the exterior of the property is maintained or decorated. Deed Restrictions could be used to limit the paint colors the homeowner uses, or the color or type of shingles they put on their roofs.
6. Landscaping Restrictions. Deed Restrictions can also limit the number, and the type, of trees a homeowner can put on their property, or the type and number of trees they are legally allowed to remove from their property.
7. Restrictions on animals. (For Example, property owners may be prohibited from owning venomous snakes or spiders, or from having more than three cats or dogs.
-Is an interest in land that arises by contract for possession for a definite, but limited period of time. Although the word "years" is in the name, an estate for years can actually be for any period of time, even if it is shorter than one year.
-Typically, an Estate for Years lasts longer than one year. At the end of the pre-determined time period, the lessee (the tenant) must vacate the property. In some cases, the tenant may be able to surrender their lease, which means voluntarily giving up their rights to possess, occupy and use the land, before the end of the lease.
-Under an Estate for Years, rent may be paid monthly, quarterly, annually or in any other kind of installments spelled out in the lease.
1. The lease should clearly define who the lessor and lessee are (the parties to the contract), and it should include contract information for each party. Every adult who will be occupying the property should be identified as a party on the lease agreement.
2. The lease agreement on contract should also clearly spell out the legal objective of the contract (that is to say, it should say something to the effect of "Lessor and Lessee intend to enter into a valid rental agreement")
3. Next, the lease will clearly define exactly what space is being leased. In the case of an apartment, the lease will provide the address and unit number. If garage or storage space is included or is being contracted for, the lease should also clearly define those types of extras.
4. As mentioned earlier, the lease contract must include consideration in order to be valid. The agreement should clearly spell out the amount of rent, the frequency of rent payments, how they should be made, the date rent is due, and the consequences of not paying rent on time as agreed.
5. Lease agreements usually spell out what is included in the monthly rent, and what is not included (what is the responsibility of the tenant) For example, an apartment lease might include some utilities like electricity and water, but the tenant may be on their own for things like telephone, internet and cable TV.
6. The lease should spell out how the lease might end, and what happens when the lease ends. For example, a lease can include provisions saying what happens if the tenant breaks the lease early, or what happens at the end of the original lease term.
-A Net Lease is essentially the opposite of a gross lease. Under a Net Lease the tenant (lessee) is responsible for paying their agreed-upon rent plus additional expenses like taxes, insurance, and maintenance costs.
-Net Leases are very common for some office tenants and other companies leasing commercial space to run their business.
-Underneath the Net Lease umbrella, there are actually three different types of leases.
(Single Net Lease)- Is an agreement where the tenant pays the rent plus the property taxes. The landlord is still responsible for paying the costs of insurance and maintenance for the space rented to the tenant.
(Double Net Lease)- If a tenant signs a double net lease, they are agreeing to pay the rent, the property taxes, and the insurance premiums for insuring the building or space rented. Under a double net lease, the landlord still pays the costs associated with maintaining the property.
(Triple Net Lease)- A lease contract where the tenant is agreeing to pay the rent plus the property taxes, insurance, and maintenance including repairs. In recognition of the fact that the tenant is responsible for paying those expenses, the monthly rent is typically lower than what a tenant would pay for a single net lease or a double net lease.
-With a graduated lease, rent payments are not fixed. Instead, they vary periodically. Graduated leases are common for long-term lease arrangements, protecting a landlord lessor by adjusting the amount of rent due every one, five, ten years.
-For shorter-term leases, graduated leases can help entice business owners to lease space by requiring a smaller outlay of funds in the early years, while the business establishes itself and gets up and running.
-There are different types of graduated leases. In some, the rent payment due "graduates" upward each month, every quarter, every year, or on some other pre-defined basis.
-In other graduated leases, the monthly rent may go up or down, based on the consumer price index, based on periodic appraisals of the property rented, or by some other factor the landlord and tenant agree to ahead of time.
-Under an oil and gas lease, the lessor (landowner) and the lessee (the oil and gas company) agree that the lessee will have access to the oil and gas on the lessor's property.
-These types of leases are usually for a set time period. Leases should clearly spell out the description of the property, what the lessee allows the lease to do, how much the lessee will pay the lessor, and how long the lease will remain in force.
-When it comes to payments and compensation, oil and gas leases will typically provide for three types of payment. First, the lessee might pay the landowner a 'bonus payment" up front. Second, oil and gas leases generally provide for an annual, fixed rent payment. Finally, oil and gas leases often include, "royalty clauses" , which say that the landowner will get a percentage of the profits from the lessee's drilling on their land.