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For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. [ 5 ]
It is assumed that every tenant benefits from a clean environment, and should share in that cost. An example of a CAM that is charged to only a subset of tenants might be the charges for cleaning the food court area, where all of the vendors in the court collectively cover the higher cost of cleaning the tables on a frequent schedule.
Aerial view of housing developments near Markham, Ontario, Canada. Tract housing, sometimes informally known as cookie cutter housing, is a type of housing development in which multiple similar houses are built on a tract (area) of land that is subdivided into smaller lots.
There have been several signs in the past couple of years that commercial real estate was headed toward a major downfall. Office vacancy rates reached a 30-year high around 18% in 2023. Companies ...
In some examples, a base amount of a given expense may be considered the landlord's responsibility, while any additional amount is shared out. This is commonly seen in items like property taxes and management fees. In this case the landlord might agree to pay the first, say, $5,000 of the property taxes, and then charge anything above that back ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Example of a section index page. The information is organized by section, with a section relating to one square mile. Each section is presented in a two-page representation, usually by presenting the northwest quarter-section as the top half of the left page. The other quarter-sections are placed in map relationship to the northwest. [1]
Property technology encompasses any application of digital technology or platform economics in the real estate industry. Some examples of property technology include property management using digital dashboards, smart home technology, research and analytics, listing services/tech-enabled brokerages, mobile applications, residential and commercial lending, 3D-modeling for online portals ...