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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.).
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
In this type of agreement, the landlord receives a gross payment of rent from the tenant, who is also responsible for paying their own utilities. [8] The other property expenses are to be paid by the landlord. In some cases, however, the tenant is responsible to share in the costs of associated with the property if they go over a certain amount ...
The fee can range from $5 to more than $60 per rent payment. One tenant in Concord took to Nextdoor ... tenants can avoid convenience fees by using fee-free options for payment, including eCheck ...
In order to use YieldStar and AIRM, landlords have historically provided RealPage with their own private data from their rental applications, rent prices, executed new leases, renewal offers and ...
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The property owner or manager then places their own private meters on individual tenant spaces to determine individual usage levels and bill each tenant for their share. In some cases, the landlord might add the usage cost to the regular rent or lease bill. In other cases, a third party might read, bill, and possibly even collect for the service.
Apr. 18—Pennsylvanians can get help paying rent or utility bills before losing their home or having services shut off through a program that gave $1.3 million to Luzerne County residents in the ...