Examples of CAM Expenses in a sentence
Landlord may cause any or all of such services to be provided by third parties and the cost of such services shall be included in CAM Expenses.
Landlord shall furnish adequate hot and cold water at standard Building temperatures to the Building for drinking, lavatory and cleaning purposes, the cost of which shall be included in Landlord’s CAM Expenses.
The landlord typically expects to include both third party management fees and an administrative fee (usually calculated as a percentage of other CAM Expenses) in CAM Expenses.
The tenant will also request that the landlord reimburse the reasonable costs of the audit if the audit shows an overstatement of annual CAM Expenses by the landlord in excess of a certain percentage (which typically ranges from 3-5%).
Note that such amortization is not likely to make the landlord “whole” as to such capital expenditures, as many leases are likely to expire prior to the end of the amortization period and new leases are not likely to allow inclusion in CAM Expenses of amortization of capital expenditures incurred prior to the applicable new lease commencement date.