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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
Toronto's condo population has grown from 978,125 in 2011 to 1.478 million people in 2016 representing 54.7% of the city population according to Toronto Condo News. [10] Outside of Toronto, the most common forms of condominium have been townhomes rather than highrises, although that trend may be altered as limitations are placed on "Greenfields ...
A $21 million special assessment fee has outraged residents of two 16-year-old buildings at 1060 Brickell in Miami, Florida, with some unit owners facing individual bills exceeding $40,000.
Parks Huffstetler, a snowbird who bought a condo unit at SurfSide Club South in late 2021, told News 6 he had no idea about the upcoming assessment fees — and he certainly hadn’t budgeted for ...
With an average median cost of $835 monthly, Miami condo fees are higher than any other area in Redfin’s review. While these price increases are astronomical, there are ample reasons why Florida ...
UrbanToronto is a website that covers various urban development topics within the city of Toronto, Ontario, Canada.In 2017, the website received over 2 million page views and 225,000 unique users every month, and had over 15,500 registered members.
Today, he pays $340 a month for a special assessment and $897 a month for monthly condo HOA fees. Starting in January, the association expects him to contribute another $731 a month toward reserves.
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...