CAM Charges

by kevinjones on January 4, 2021

in Commercial Lease, commercial property

CAM Charges – Realty Professionals  805-473-0300

What in the world does NNN stand for?

NNN = An acronym that stands for Triple Net Lease.
This form of lease agreement is almost always related to a commercial property. Consisting of a landlord and tenant relationship. A NNN lease agreement consists of the base rent price plus the addition of triple net terms.
The NNN entails in costs due in addition to the base rent, therefore the tenant is also responsible for the following costs…
N#1: Property Taxes – The tenant is responsible for the real estate taxes throughout the term of their lease. This is traditionally only the portion of the real estate the tenant uses. So, for example in a multiple tenant property, lets say there are three tenants total. Therefore the total property tax bill costs may be split equally between all three commercial tenants. Often times the landlord pays the tax bill, however charges the tenants the cost of the tax bill, respectively.
N#2: Building Insurance – Let’s assume similar circumstances as above. Of the total property insurance policy; each tenant is responsible for the costs of their portion of the building.
N#3: Property Maintenance & Repairs – Simply each tenant is responsible for the costs of their portion of the maintenance and building repairs. Often times this ensures that the building remains in good condition throughout the term of the lease.
For more information call Kevin Jones today 805-473-0300
RP JC 288x300 CAM Charges

Realty Professionals 805-473-0300

Kevin Jones has been a Commercial Broker since 1992 and would love the opportunity to share with you his knowledge, expertice and experience to help you get the best possible price and terms on your next transaction.
For more information call Kevin Jones 805-473-0300 today.
RP LOGO redo Black 300x300 CAM Charges

Realty Professionals 805-473-0300

 

 

 

 

 

 

 

 

 

 

 

Kevin Jones, Broker Lic#01128892
Realty professionals, Corp. Lic#01892221

Leave A Reply With Facebook

Pismo Beach Home Search Pismo Beach Home Values

Post by Kevin Jones

Realty Professionals 805-473-0300 791 Price Street Suite 191 Pismo Beach Ca 93449

Kevin has written 471 articles.



Leave A Reply With Facebook

Leave a Comment

Previous post:

Next post: