Real Estate Documents
To review, TMI stands for Taxes, Maintenance and Insurance, and on a net lease it allows the landlord to recoup direct costs of ownership from the tenant. Each year the costs are tallied and a new TMI charge is calculated. Some landlords want to charge for management as well, and slide in a management charge,…
The idea is to avoid negotiating an offer to lease, then getting the lease to sign and finding objectionable terms. Condition it in the offer to lease and you will be protected.
Owning a home is a keystone of wealth… both financial affluence and emotional security.