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Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [2][3] In Texas and other parts of the United States, it is "An area inside a housing ...
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.
Multiple listing service. A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
“Rental real estate is a great way to create wealth, equity and extra income,” said Ryan Stewman, real estate sales and marketing expert with the Break Free Academy and author of “Elevator ...
Common-interest development (CID) is the fastest growing form of housing in the world today. [1][2] They include condominiums, community apartments, planned developments, and stock cooperatives. [3][4] A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be ...
HMBD Real Estate Marketing The entire downtown of Campo, California, hit that market this year for $6.6 million. The listing includes a 28-building portfolio with residential and commercial buildings.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.). In such a lease, the tenant or lessee is ...
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