My name is Cecilia my husband and I live in Atlanta GA and we have just inherited several real estate properties in California from a family member Management Class help

My name is Cecilia, my husband and I live in Atlanta, GA and we have just inherited several real estate properties in California from a family member. We are thinking about keeping the properties and hiring a management company in Northern California to help us out. There are a number of things we are confused about and woudl like you to explain them to us and tell us how they relate to different properties.

  • Escalation clause-  What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
  • Percentage lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
  • Net lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
  • Triple Net least? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
  • Gross lease? What is it?What type of property uses one? Why would we use it? How would it help increase the value of our property?
  • What does quiet enjoyment mean, and does it have anything to do with property management?

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