Video

  • 7 minutes

Examples of Common Included and Excluded CAM Charges

 
Examples of common included CAM charges … at a minimum, ‘operating expenses’ usually include the cost of: utilities (that serve common areas), security costs (that serve common areas), costs of cleaning the common areas, the cost of obtaining and maintaining government licenses or permits, insurance coverage of the building or center, and any ground rent, mortgage or other finance charge payable by the Landlord.

Examples of common excluded CAM charges … certain items should be specifically excluded from operating expenses: electricity that serves tenants' spaces (the landlord recovers this from each tenant individually), executive salaries, consulting fees, market study fees, commissions and advertising costs, initial landscaping costs, and structural repairs or replacements.

In this 6-minute video our speaker, Marc. H. Goldsmith, reviews these common included and excluded CAM charges as well as many others.

Marc H. Goldsmith, Counsel with McGuireWoods LLP’s Los Angeles, CA office. His practice focuses on commercial leasing and commercial real property purchase and sale transactions, as well as condominium law. He is responsible for negotiating, drafting and reviewing various real estate contracts for retail, office and industrial uses, including leases, purchase/sale agreements, easements, licenses, deeds of trust, subordination agreements, and amendments. Mr. Goldsmith serves as general corporate counsel to numerous nonprofit homeowners associations, business and mixed-use condominium associations, timeshare associations, and for profit entities.
Runtime: 6 minutes

Faculty

Marc H. Goldsmith

Marc H. Goldsmith

The Law Offices of Marc H. Goldsmith

Agenda

Faculty

Marc H. Goldsmith

Marc H. Goldsmith

The Law Offices of Marc H. Goldsmith

  • Counsel with McGuireWoods LLP’s Los Angeles, CA office
  • Practice focuses on commercial leasing and commercial real property purchase and sale transactions, as well as condominium law
  • Responsible for negotiating, drafting and reviewing various real estate contracts for retail, office and industrial uses, including leases, purchase/sale agreements, easements, licenses, deeds of trust, subordination agreements, and amendments
  • On behalf of national retailers, he has negotiated and closed many retail lease transactions for stores of all sizes
  • Handled hundreds of leases, licenses and easements for telecommunications sites throughout the western United States
  • Serves as general corporate counsel to numerous nonprofit homeowners associations, business and mixed-use condominium associations, timeshare associations, and for profit entities
  • Can be contacted at [email protected]

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