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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.
Apartment rent prices fall 1.4% month-over-month in December. In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill ...
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 ...
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Proof of residency and occupancy, such as a lease, rent receipt, or utility bill. Proof of income (to document eligibility), such as pay stubs or 2020 tax forms.
Quit rent, quit-rent, or quitrent is a tax or land tax imposed on occupants of freehold or leased land in lieu of services to a higher landowning authority, usually a government or its assigns. Under English feudal law, the payment of quit rent (Latin Quietus Redditus, pl. Redditus Quieti) [1] freed the tenant of a holding from the obligation ...
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