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Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
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Many HOAs ran into difficulties because they were poorly planned and were only weakly regulated (if at all) by the Condominium Act of 1963. In the fall of 1984, the California State Assembly convened a Select Assembly Committee to address the crisis. This Committee had four broad objectives in drafting the bill that became the Davis–Stirling ...
The commission is usually a percentage of the sales price of the property, ranging from 2 or 3% up to about 10%, but usually in the range of about 3 - 7% for houses. The commission could also be a flat fee or some combination of flat fee and percentage, based on the rate you negotiate. Commission rates and fees are negotiable and not regulated.
The Condominium Act, at Section 718.110, Fla. Stat., says that, unless permitted by the original declaration, “no amendment may…change the proportion or percentage by which the unit owner ...
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...