Property Management
A New Mexico commercial lease clause requiring the tenant to pay for their proportional share of the building's common area expenses is known as a:
AGross lease addendum
BCommon Area Maintenance (CAM) charge✓ Correct
CPercentage rent clause
DCPI escalation clause
Explanation
CAM charges in a commercial lease require tenants to pay their pro-rata share of the operating costs for common areas (lobbies, parking lots, landscaping). They are standard in NNN and gross modified leases.
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