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Common area maintenance cost (CAM) forms a big part of the commercial occupancy cost. CAM expenses are integral to any commercial leasing contract, and it benefits both tenants and the landlord. That said, tenants tend to have very little control over or visibility into the CAM expenses and it is the landlord who has the
Common area maintenance cost (CAM) forms a big part of the commercial leasing expense. It is often a source of stress and contention for tenants as CAM costs do not follow a set structure and there is a certain lack of transparency as to how they are calculated. While most tenants pay CAM expenses in
As a business owner you are burdened with a slew of responsibilities, one of which is optimizing the cost of doing business. Amongst which maintaining and managing the lease for the business premise ranks top on the priority list. However, given the myriad business and operational demands, it hardly comes as a surprise that some
Common area maintenance cost (CAM) remains a constant worry when it comes to retail/commercial real estate leasing. With landlords now passing the operating expenses based on estimate which is then reconciled at the end of the year to tally with the amount paid by the tenant has become increasingly challenging process to comprehend and navigate.
Commercial lease tenants are required to pay pro rata share of the operating expense which is commonly known as common Area Maintenance (CAM) expenses. As tenants you have the right to verify whether or not you are being charged correctly. CAM audit is a process that can help you determine accuracy of charges and the
Whether you are looking to rent a space in a large retail space or a smaller strip mall or a building at the heart of a booming business district. Signing a commercial lease is a tedious and intimidating process, especially if it is your first time. There is a lot of information and much has
If you have a commercial lease you are aware of common area maintenance or (CAM) expenses. This is essentially a tenant’s pro-rata share of operating expenses that the landlord incurs over the lease term in maintaining and operating the retail center or the building. CAM costs are an important part of commercial lease that allow