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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
Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Regional shopping center: enclosed space; 400,000–800,000 sqft; 1–5 anchor stores with other tenants that sell a large variety of goods Community shopping center : open space; 125,000–400,000 sqft; provides general merchandise and commodities ( e.g. , supermarket, discount department store)
A CIE is the commercial real estate equivalent of the residential Multiple Listing Service. [ 2 ] [ 3 ] CIEs help commercial real estate professionals ( brokers , property owners , developers , investors , tenants , etc.) share information about commercial property, recent sale or lease transactions, market statistics, and contacts.
The tenant may want to leave the burden of upkeep of the property (mowing the lawn, shovelling snow, etc.) to the owner or his agents. There is no need to worry about lifespan and maintenance. Renting keeps off-balance-sheet the debt that would burden the balance sheet of a company in case the property would have been bought.