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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
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.
The construction industry of India is an important indicator of the development as it creates investment opportunities across various related sectors. With a share of around 8.2%, the construction industry has contributed an estimated ₹670,778 crores ( US$ 131 billion) [ 1 ] to the national GDP at factor cost in 2011–12. [ 2 ]
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 ...
Facility management [1] or facilities management (FM) is a professional discipline focused on coordinating the use of space, infrastructure, people, and organization.. Facilities management ensures that physical assets and environments are managed effectively to meet the needs of the
In a paper "Re-examining the costs and value ratios of owning and occupying buildings", Graham Ive [7] notes how widely the 1:5:200 ratio has been cited among policy makers and practitioners, and goes on to use published data about whole-life economic costs and the total costs of occupancy to re-assess the ratios. The paper finds that 1:5:200 ...
Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.
In India, there is no statutory regulation of property management companies, real estate agents or developers. In 2013, a Real Estate Regulation and Development Bill was passed by the Union Cabinet but has yet to take effect. The bill seeks to set up 3 regulatory bodies in the country.