Cam Lease
What is cam lease?
A cam lease, also known as Common Area Maintenance Lease, is a type of lease agreement commonly used in commercial real estate. In a cam lease, the tenant is responsible for paying a portion of the expenses associated with maintaining and operating the common areas of the property. These expenses may include janitorial services, landscaping, snow removal, parking lot maintenance, and property insurance.
What are the types of cam lease?
There are typically three types of cam lease structures: Full-Service Lease, Triple Net Lease, and Modified Gross Lease. 1. Full-Service Lease: In this type of cam lease, the landlord covers all the operating expenses of the property, including common area maintenance costs. 2. Triple Net Lease: With a triple net lease, the tenant is responsible for paying all the operating expenses, including common area maintenance, property taxes, and insurance. 3. Modified Gross Lease: In a modified gross lease, the tenant and landlord agree to split the operating expenses, including common area maintenance costs, in a negotiated manner.
How to complete cam lease
Completing a cam lease involves the following steps:
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