How much are Common Area Maintenance (CAM) fees costing your business? While standard in most leases, consider the annual cost and impact on the bottom line during lease negotiations to avoid unexpected costs.
CAM fees are paid in addition to rent. CAM fees represent a portion of the total maintenance fees for a building’s common areas and are allocated to each tenant based on the amount of space they occupy. The most common costs built into a commercial lease pertain to the repair and maintenance of hallways, parking lots, sidewalks, light fixtures, and elevators among others. Unless a business can reasonably …read more
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