CAM Fees

When leasing a commercial property, you may be subject to CAM fees. These are the equivalent to HOA fees for residential properties. CAM fees apply to commercial properties where associations maintain the building and common areas. Typically these are divided up between tenants in accordance with the square footage of the space or unit you are leasing. These fees help with the upkeep of the property, the common areas and often times will be inclusive of some utilities.

It is important to note that CAM fees are always detailed in your lease agreement. The monthly payment will include your base rent, taxes, insurance, and CAM fees. CAM fees are subject to change if special assessments or other changes are needed. A building needing a new roof or requiring major repairs could trigger a special assessment which could ultimately lead to an increase in your monthly payments.

If you are leasing a commercial space, be sure to ask about CAM fees. You should ask when they were last raised, or when the last time an assessment was imposed. Having an idea of the overall condition of the property can help you determine whether the property is suitable for your needs or if you should consider a newer property instead of an aging property.

Choosing the right commercial realtor will help you ensure success when it comes to your real estate transaction. Give us a call if you are looking to lease or purchase a commercial property.

Call or text: (954) 710-2345

email: Rafael@Amador.RealEstate