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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
Facility management encompasses interdisciplinary business functions to balance the demand and supply of facilities and services. The term “facility” includes all tangible assets supporting an organization, such as real estate, buildings, infrastructure, HVAC systems, IT services, and more.
Downsizing can free up equity, reduce maintenance costs and provide a more manageable living space. Read More: 7 Things You’ll Regret Downsizing in Retirement Find Out: 4 Subtly Genius Moves All ...
The tenant makes monthly payments to the landlord, while the real estate (and often rent bumps called for in the lease) provides the investor protection against inflation. NNN lease investments provide similar tax advantages as tax-exempt municipal bonds without forcing the investor to settle for lower yields. [ 12 ]
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“Each month that a rental stands vacant, you’re having to pay mortgage, utilities and maintenance out of your pocket, so turnaround is one of the things you need to address really quickly ...
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