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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
Of course, these maintenance costs can vary widely depending on the home and your location. They range from about $11,500 a year in Kentucky to just over $29,000 in Hawaii. Most common home ...
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".
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Foundation. Pouring a concrete foundation (aka slab) costs between $5,000 and $40,000, depending on your home’s square footage. An average size home’s foundation costs around $10,000.
Buying a home has long been a cornerstone of the age-old American dream. Putting down roots and building equity can provide stability and help build long-term wealth. However, for some, building a...
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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