Property Management
A North Dakota commercial lease 'CAM charge' refers to:
AComputer-assisted management software fees
BCommon Area Maintenance charges paid by tenants to cover shared areas like parking lots and lobbies✓ Correct
CCertificate of Authorized Management fees
DCamera installation costs for security systems
Explanation
CAM (Common Area Maintenance) charges are fees paid by tenants in commercial properties to cover their pro-rata share of maintaining common areas like parking lots, walkways, and building lobbies.
Related North Dakota Property Management Questions
- A property manager's fee is typically based on:
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- In a 'net lease' for a North Dakota commercial property, the tenant pays:
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- A North Dakota commercial tenant's lease contains a 'gross lease' provision. This means:
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