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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
There are only a few books that talk about this subject. [1] Articles are also limited. [2] [3] [4] [5]Documents such as invoices, statements, amendment to lease and other correspondence from the landlord, as well as data from other sources will be audited to determine whether charges assessed by the landlord under a tenant’s lease have been proper.
The calculation of a given tenant's share of an expense can be complex. A general system is to divide it up by the tenant's rented area compared to the total available rentable area in the building. This is often used for items that are truly shared, like the gas used to heat the building, or the electricity used to run the lighting and air ...
Real estate appreciation refers to the gradual increase in the value of an owned property over time. This increase in value can occur due to various reasons, such as shifts in the real estate ...
In commercial real estate in the US, a building's loss factor is the percentage of the building's area shared by tenants or space that are dedicated to the common areas of a building used to calculate the difference between the net (usable) and gross (billable) areas. [19]
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
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