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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.
The municipal property tax (ΤΑΠ/ΔΤ/ΔΦ) is included in electricity bills and incorporates, among others, charges for street cleaning and lighting. The Government property tax (ENFIA) is a combination of the individual asset's tax based upon floor-area and a progressive real-estate wealth tax per individual which is based on the estimated ...
In 2021, Governor Newsom’s $110 billion California Comeback Plan, which included the passing of Senate Bills 8, 9, and 10, was an attempt to help mitigate the current housing crisis. By extending housing production while avoiding displacement of existing tenants and increasing access to zoning for multi-units these bills aim to increase state ...
The Fed is finally expected to cut interest rates at their upcoming meeting, but the impact on the housing market may be minimal. However, homebuyers should proceed with their existing plans and ...
Congress passed two different rental relief packages. The first, approved in December, provided $25 billion for rental relief. The second, approved in March, provides more than $21 billion. In ...
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.). In such a lease, the tenant or lessee is ...
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