The monthly rent for store is 975.00 a month.Contract states Tenant's fractional Share at 5.5% of building.

Increased insurance cost, real estate tax, Water and sewer. Is this 5.5% extra to be added to monthly rent?

Pittsfield, MA -

Attorney Answers (3)

Jennifer L. DiCarlo

Jennifer L. DiCarlo

Landlord / Tenant Lawyer - Wakefield, MA
Answered

With commercial tenancies, the answer typically is yes, insurance, taxes, utilities, etc. are shared expenses. But, you would have to look to the terms of your lease and discuss how you are to be billed for these items with your landlord. Commercial tenancies are much more flexible in terms of what and how the burden for expenses like you have mentioned can be shouldered by the tenant.

This "answer" is for information purposes only and is not intended as legal advice or to create an attorney-client... more
Erik Hammarlund

Erik Hammarlund

Real Estate Attorney - Vineyard Haven, MA
Answered

Sorry, but the only way to know is to see the lease.

Do you want accurate, personalized, legal advice that you can rely on? You will have to hire an attorney, not ask... more
Peter Joseph Sturgeon

Peter Joseph Sturgeon

Landlord / Tenant Lawyer - Pittsfield, MA
Answered

Depends on the wording of the lease, though generally it's an add on. I would be happy to review the lease and discuss this with you free if charge. My number is 413-442-6031. Thanks.

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