When a building is bought by a new owner, the "lease" that was already in place must be "honored" by the new owner.


These are questions that the above text answers:

1. What is the requirement for a new building owner when it comes to an existing lease agreement?
2. What does it mean to "honor" a lease agreement?
3. What happens to a lease agreement when a building is bought by a new owner?
4. What is the significance of a lease agreement in the context of a building sale?
5. What is the responsibility of a new building owner regarding an existing lease?
6. How does a new building owner ensure a smooth transition with regards to a lease agreement?
7. What is the role of a lease agreement when a building changes ownership?
8. What obligations does a new building owner have towards tenants with existing leases?
9. How does the concept of honoring a lease agreement impact the relationship between a new building owner and tenants?

The amount of money a tenant pays for a property is often referred to as "market rent" or "economic rent".


These are questions that the above text answers:

1. What are the two terms commonly used to describe the amount of money a tenant pays for a property?
2. What is the purpose of a commercial lease agreement?
3. Where can one find fact sheets about real estate in California?
4. What does the term "rent calculation methods" refer to in the context of a commercial lease agreement?
5. What is the difference between market rent and economic rent?
6. What factors determine the market rent for a property?
7. How is economic rent calculated?
8. What is the significance of understanding market rent and economic rent in real estate?
9. What are some considerations for landlords when determining the market rent for a property?
10. How can tenants negotiate the market rent for a property?