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Leasing Service

For the Establishment of entity, market and progressive Learning environment in Nepal, we look for the opportunity of exploring private investment though of our associates, elite investors & HNI for execution and generation of FIXED INCOME perspective. Provident facilitates leasing service to grant ease of access in acquiring property & infrastructure at very nominal and fare market value.

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Presently we assist in the following headings:

1, Commercial Market Complex Leasing 

2, Office setups & infrastructure Leasing 

3. Private House leasing 

4 .Public Access & Parking lot leasing 

5. Conference and Training Lounge Leasing 

Understanding Leasing

Leasing or a lease is nothing, it is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor , the property owner or landlord, regular payments for a specified period in exchange. Both the lessee and the lessor face consequences if they fail to uphold the terms of the contract.

A lessor can be either an individual or a legal entity. The lease agreement that he, she or it enters into with another party is binding on both the lessor and the lessee and spells out the rights and obligations of both parties. In addition to the use of the property, the lessor may grant special privileges to the lessee, such as early termination of the lease or renewal on unchanged terms, solely at his or her discretion. 

For a lessor, the main advantage of entering into a lease agreement is that he or she retains the ownership of the property while generating a return on his invested capital. For the lessee, periodic payments may be easier to finance than the full purchase price of the property. 

 

Understanding Sublease

A sublease is the renting of property by a tenant to a third party for a portion of the tenant’s existing lease contract. Even if a tenant subleases a property, the original tenant is still liable for the obligations stated in the lease agreement, such as the payment of rent each month.

How a Sublease Works 

A lease is a contract between a property owner and a tenant that transfers the owner’s rights to the exclusive possession and use of the real estate property to the tenant for an agreed-upon period. The lease states the length of time the contract is to run and the amount of the tenant’s rent. In legal terms, the tenant’s legal right to possess the property is deemed tenancy. Subleasing occurs when the tenant transfers a part of their legal tenancy to a third-party as a new tenant. 

Subleasing can be established unless the original lease forbids it. 

. The tenant is responsible for paying rent and for repairs or damage to the property while use only. That means that if a new subtenant does not pay rent for three months, the original tenant that subleased the property is liable to the landlord for the overdue rent amount and any late fees if agreed upon. In turn, the subtenant is liable to the original tenant for the unpaid rent. 

Net leases

Net leases are just like owning property without actually having legal title over it. They are lease agreements between landlords and tenants where the tenant pays for rent and any other cost associated with the property in question. The agreement may include one or more expenses including insurance, property taxes, utilities, maintenance and repairs, and other operational costs. Most landlords generally accept lower rent payments because of the additional costs associated with net leases. 

The owner and/or lessor may charge less overall as a result, they no longer have to worry about the day-to-day administration of that property. 

From the tenant and/or lessee perspective, a net lease must adequately compensate for the risk the tenant is taking on from the landlord.

These lease agreements are a popular tool for commercial real estate investors who buy properties for the income and do not want the headaches of arranging maintenance, paying municipal taxes, and so on. Property owners use net leases to shift the burden of managing taxes, insurances, and fees to the tenant. 

Types of Net Leases 

Net leases are broken down into three primary types that deal with the main cost categories of taxes , maintenance, and insurance fees—in addition to the rent charged by the landlord. They are: 

Single Net Lease: When a tenant signs a single net lease, they pay one of the three expense categories.

Double Net Lease: Tenants who have a double net lease pay two of the three expense categories. These leases are also called net-net leases.

Triple Net Lease: In a triple net lease—also known as a net-net-net lease, the tenant pays all three expense categories. Triple net leases are usually whole building leases with a single tenant for the long-term —usually 10 years or more.



Get in touch with us

Contact Us : 01-5147 097 / 192, +977-9864592422, 9823133332
Email Us : info@provident.com.np ; providentmbl@gmail.com