An Occupancy Load refers to the maximum number of people legally allowed to occupy a space, as determined by local building codes, fire safety regulations, and the type of space (e.g., office, retail, industrial, or residential).

The R/U Ratio helps tenants and landlords understand how much of the leased space is usable versus shared (e.g., lobbies, hallways, gyms, shared conference rooms). This ratio is important for breaking down how much rent is allotted between the tenant’s private space and the property’s common areas.

Yes, tenants can transfer their businesses through a Lease Assignment. A Lease Assignment occurs when a tenant (the assignor) transfers their rights and obligations under a lease agreement to another party (the assignee). The assignee assumes all responsibilities under the original lease terms. A Lease Assignment is subject to the terms, conditions, and covenants of the Lease Agreement.

Larken Associates offers an easy-to-use online portal accessible through their website, where tenants can submit maintenance requests and make payments. The portal provides a convenient way to track maintenance issues, submit requests directly to the maintenance team, and ensure prompt resolution. Additionally, tenants can securely process rent payments and other fees online, providing a hassle-free way to manage their accounts and stay up-to-date on any outstanding balances.