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To calculate an FCI, a facility manager or third party assessment professional needs to quantify the cost of maintenance, repair and replacement deficiencies. This is typically the outcome of a facility condition assessment. The current replacement value is defined as what monetary value the organization places on the facility.
Yet homeowners often overlook aspects of home maintenance, which ends up costing you thousands in the long run. Experts explain what the biggest home maintenance mistakes are. Making them early ...
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
What is the most expensive part of closing costs in Texas? The priciest aspect of closing costs is usually the commission fees paid to the real estate agents involved in the sale. It used to be ...
Consider budgeting for emergency home repairs and maintenance in the amount of 1 percent or more of your home’s value every year. For example, on a $300,000 home, your budget for maintenance ...
This model applies to the service apartment space and other commercial establishments, such as retail or business centers that generate revenue. In this case, the property manager signs an agreement with the property owner, with the right to convert the property into a revenue-generating business such as a business center, service apartment, etc.