10 OCTOBER, 2020 UPDATES:
See our Standard Lease and our Rules & Regulations. The CTIs (Common area maintenance, Tax & Insurance) are defined in the lease, which also defines Lessee’s & Lessor’s mutual responsibilities. In general and subject to the lease, Lessee (tenant) is responsible for the storefront and for the inside of their space, such as mechanical, electrical, plumbing, and all inside finishes. Lessor (landlord) is responsible for the common areas, the foundation, outside walls, and roof.
From 2016 thru 2020 the CTIs were $6.60/sf/year; that does not include the tenants’ water use, nor their drainage user fee which was on each tenant’s electric bill prior to Nov. 2015.
Tenants reimburse their own water use from their sub meter’s reading as well as the drainage user fee which is based on their square footage; these estimated reimbursements are reconciled yearly, at the same time as the CTIs
For leasing, please call 512-474-2221