Common Area Defined

Common Area Defined

Common Area defined For lease purposes, common area is defined as the areas of a building that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots. Common Area Maintenance (CAM) Common Area Maintenance (CAM) charges are charges that are paid by the tenant for the upkeep of areas designated…

Rent Increase Triggers Hidden in Plain Sight

Rent Increase Triggers Hidden in Plain Sight

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