Important items to know in a lease.
General info - This includes property details, rental payments, square footage, information on both parties, start and end date of lease term, remodel work to be done, etc.
Maintenance - This is where most disagreements occur, so know who’s responsible for maintenance and repairs in your office and any common areas. Common Area Maintenance (CAM) is an additional cost that is charged by a landlord for additional expenses relating to maintaining the office building/park. In a gross lease rate and some modified gross rates, CAM is included. CAM can include routine costs like snow plowing parking lots, as well as unexpected costs like repairing or replacing a roof. Although they can vary from year to year if CAM is not included in the lease rate, you can ask for an estimate based on previous years’ rates to help you budget. <More>