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Other tenants were hit with nearly ,000 in renovation fees.
Had the renter read the lease more carefully, they would have known enough to at least ask if any upgrades were scheduled in the near future and to see that what they thought was a simple lease was actually a Triple Net Lease in disguise.
In non-industrial spaces, you may hear this expense referred to as "Load Factor," which includes CAM fees.
CAM expenses are allocated to tenants on a pro-rata basis: the more square footage a tenant rents, the greater percentage of CAM expenses it must pay.
A Triple Net Lease is the least favorable of all leases for tenants; it requires you to pay for maintenance, taxes, and insurance.
Since this was the first industrial lease the renter had signed, they did not fully appreciate the power of CAM fees.When you lease commercial space, you pay for more than just the actual square footage you will occupy.In many commercial leases, and in particular retail and industrial space leases, extra fees are often referred to as "Common Area Maintenance" (CAM) fees.Amateur webcam models who love to show you live nude action. Yes is a amateur webcam site where users can view free amateur sex cams, engage in sexual chat, and show their own live amateur sex cams 100% free for life!
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The landlord should list when these repairs were last made and when they are scheduled or anticipated to be done in the future.