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To run a successful business, management needs to continually focus on maximizing sales, streamlining operations, managing employee performance, all the while ensuring cost of doing business is contained. It should not come as a surprise that often lease management therefore takes a back seat, where businesses tend to overlook expenses related to lease apart from
Whether you are looking to rent a space in a large retail space or a smaller strip mall or a building at the heart of a booming business district. Signing a commercial lease is a tedious and intimidating process, especially if it is your first time. There is a lot of information and much has
If you have a commercial lease you are aware of common area maintenance or (CAM) expenses. This is essentially a tenant’s pro-rata share of operating expenses that the landlord incurs over the lease term in maintaining and operating the retail center or the building. CAM costs are an important part of commercial lease that allow