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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.
Strikes occurred during the COVID-19 pandemic due to many factors including: hazard pay or low pay, unsafe working conditions (due to poor social distancing or a lack of personal protective equipment), inability to pay rent. These strikes are separate from the various protests that occurred over responses to the pandemic.
The triple-net lease entered into by Steward would see doctors and hospitals pay rent for the buildings while still being responsible for property insurance, taxes, and maintenance. Despite the 2011 agreement to keep Quincy Medical Center open, Steward announced in November 2014 that the hospital would close by the end of the year. [32]
Lease purchase contract. A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
The Methuen Treaty was a military and commercial treaty between England and Portugal that was signed in 1703 as part of the War of the Spanish Succession.. The treaty stipulated that no tax higher than the tax charged for an equal amount of French wines could be charged for Portuguese wines (but see below) exported to England, and that English textiles would be admitted to Portugal at all ...
Contract law. In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in Chappell & Co Ltd v Nestle Co Ltd ( [1960] AC 87), an important English contract law case where the House of Lords stated that "a ...