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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.
Tenants union. A tenants union, also known as a tenants association, is a group of tenants that collectively organize to improve the conditions of their housing and mutually educate about their rights as renters. [1] [2] Groups may also lobby local officials to change housing policies or address homelessness.
The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. [citation needed] The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.
History. KC Tenants was founded with an annual budget of $30,000, which has grown to almost $600,000 in June 2023. [1] The union has worked together with Mayor Quinton Lucas on housing policy, [3] notably passing a tenant's bill of rights in 2019 that included banning "discrimination against prospective tenants solely because of a prior arrest ...
An assured tenancy is a legal category of residential tenancy to an individual (or individuals jointly) in English land law. Statute affords a tenant under an assured tenancy a degree of security of tenure. A tenant under an assured tenancy may not be evicted without a reasonable ground in the Housing Act 1988 and, where periodic [n 1] changes ...
Estoppel certificate. An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and ...
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