May 2022

Common Area Maintenance (CAM) – What Tenants Need to Know

CAM, which stands for common area maintenance, refers to the expenses tenants pay to landlords of commercial properties. These payments are made to cover the cost of maintaining common areas. Understanding what CAM fees are can help tenants prevent overcharges when negotiating the terms of their commercial property lease and give better insight into how rent is calculated. Usable area This refers to the...

6 Factors to Consider Before Leasing Commercial Space

Finding a new office space for your business can be exciting and is also an indication of growth, but it’s important not to get carried away and to consider various factors prior to signing on the dotted line. Taking the time to understand lease terms and how they’ll impact you will also help you negotiate the best deal possible. Here’s everything you should keep in mind prior to solidifying your...

What Are Tenant Improvement Allowances?

Viewing a number of commercial properties prior to finding the ideal office space is common for businesses. However, even after finding a property that suits a number of the business’ needs, the space may not meet 100% of all the requirements. This is where tenant improvements become beneficial because they allow tenants to receive an allowance that allows them to renovate the space to their liking...

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