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Commercial Real Estate Investment/cam charges
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Question
I rent a small ofiice space about 700sgft and paid monthly
rent 0f $735.00 monthly.I also pay for electricity,gas,water
Trash & gardening expense totaling about $250 /montly.
On top landlord charge me CAM Charges about $250/montly.
Is that justify or legal
If you signed your lease without getting an itemization from the owner as to what the CAM charges would be, it was not a good idea. $4.28 per sq. ft. might include real estate taxes (maybe $1.50 psf), janitorial (maybe $1.00 psf), fire insurance (maybe $.25 psf), but it appears to be a high number. You should have a right in the lease to audit what the charges are. If not, another location might be better. Good luck with it.
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Commercial Real Estate Investment
Answers by Expert:
Peter Liebert, SIOR
Expertise
Industrial and suburban office transactions. Crane served and rail served faclities. Build-to-suit projects for distribution, manufacturing, r&d and general purpose use. North America and overseas experience for corporate entities.
Experience
Over 30 years of commercial experience. Eastern United States,including Florida, Bahamas, Central America.
Organizations
Society of Industrial & Office Realtors. Tristate Commercial & Industrial Association of Realtors (past President). Team Pennsylvania-Ambassador.
Publications
Tristate C&I Quarterly Report
Education/Credentials
Univ. of Pennsylvania (2 years), Villanova Univ. '69
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