, if you get the feeling for a moment that you've lost it. Just calm down. Clic clac clac! We've got a premonition! We've got your back. Slap it on. Don't lose it.What is a Lessee?
A Lessee is a contractual party who rents space in your property and is responsible for paying you rent, taxes, insurance, and maintenance.
You are NOT a Lessee.
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Who Are The Lessee?
There are different types of Lessee. This type of tenant has agreed to abide by the terms and conditions of the lease. They have agreed to pay a specific amount of rent each month and to maintain the premises in a certain condition. The cost of all utilities, water, and other property taxes are the responsibility of the lessee, not you.
If you lease property to someone else, you are the Lessee. The person who actually moves in and takes possession of the property is the Lessee.
What If I Decide to Get Rid of My Lessee?
If you decide to get rid of your lessee you can do it in two ways. If you are the owner of the property and the lessee is more than 30 days late on the rent you may, as long as you have proper documentation of the missed payment, file a Notice to Quit, or a Restitution Claim with the city or county to have the property vacated.
If the property is being leased to someone else and you have a signed lease and rental agreement then you can give a 30-day notice to end the lease by notifying the new Lessee, your Lessee, that the lease will end and the property will be vacant within 30 days.
How Much Will I Make?
There are as many ways to measure the value of your property as there are owners. It is up to you as the owner to decide what you want to do with the property.
If you want to rent out the entire property, make improvements, and maximize the amount of rent you can collect then, you need to consider what improvements will maximize your income.
If you want to just rent out the basement, rent out one or two units, but not the entire property then you need to consider what improvements will maximize your income. If you are in an area
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