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In commercial leasing, tenants rely on landlords for various services, such as utilities, parking lot maintenance, landscaping, janitorial services, security, snow removal, and upkeep of common areas (elevators, hallways, sidewalks). These services are part of the operating expenses landlords recover through Common Area Maintenance (CAM) charges. CAM expenses are typically calculated based on the tenant’s
When did you last closely examine the costs associated with common area maintenance (CAM)? For many business owners, CAM fees are unavoidable in leasing commercial property, but they are often obscured by complexity and hidden costs. Overcharges can easily be overlooked due to ambiguous line items and suspicious expense allocations. But are you paying more
Every dollar matters in the fast-paced business world, and keeping profitability depends on controlling operating costs. One area that often goes unnoticed and unchecked is Common Area Maintenance (CAM) charges in commercial leases. While these charges are intended to cover shared property expenses, many business owners are unknowingly overpaying due to errors, uncertain lease terms,
In a commercial lease, the “Common Area Maintenance” (or “CAM”) fee is a common example of the “triple net” (NNN) structure. Landlords typically expect payment from tenants for expenses like insurance, taxes, and common area maintenance in NNN leases. Triple net lease (or NNN) is a popular form of a commercial lease because it allows
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
Common area maintenance (CAM) charges play a key role in the upkeep of the commercial property. CAM fees, as known, as charges passed on to the tenants by the landlord that accounts for the operating expenses of a property. Typically, CAM charges are in Triple Net leases, that also includes property taxes and insurance. CAM
Common Area Maintenance (CAM) reconciliations for commercial properties can be a nerve-racking task. It is given that commercial real estate accounting can be challenging and tricky if not done diligently and timely. This is one area that is prone to human errors. Due to inaccurate and incomplete CAM reconciliations landlords not only suffer huge negative
The US Law defines CAM charges as the expense that a tenant is expected to pay up on a pro-rata basis towards the annual maintenance, repair and operation of common utility areas, as incurred by the landlord / property owner. In the real scenario, CAM charges are basically whatever the landlord has mentioned in the