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A common example of this is the common area maintenance charges, or CAM, which includes cleaning and day-to-day expenses like changing lights. In US leases, it is common to group together CAM, property tax and insurance , in which case it is known as a "net-net-net" lease, or NNN lease , pronounced "triple-net".
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
Property maintenance relates to the upkeep of a home, apartment, rental property or building and may be a commercial venture through a property maintenance company, an employee of the company which owns a home, apartment or a self-storage pastime for example day-to-day housekeeping or cleaning.
Apr. 19—MOSES LAKE — There have been some changes to the Washington State Building Code that stand to add to the cost of building homes, a spokesman for the Building Industry Association of ...
In the construction industry, the 1:5:200 rule (or 1:5:200 ratio) is a rule of thumb that states that: . If the initial construction costs of a building is 1, then its maintenance and operating costs over the years is 5, and the business operating costs (salary of people working in that building) is 200.
Occupancy costs are those costs related to occupying a space including; rent, real estate taxes, personal property taxes, insurance on building and contents, depreciation, and amortization expenses. [1] These are generally higher in new entrants to a market due to the escalating real estate prices.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
For income-producing real estate, the NOI is the net income of the real estate (but not the business interest) plus any interest expense and non-cash items (e.g. -- depreciation) minus a reserve for replacement. The CAP rate may be determined in one of several ways, including market extraction, band-of-investments, or a built-up method.