Posts by Michael Muna
Michael Muna on August 06, 2019
Whether you are a tenant in an office, industrial or retail building, you are likely familiar with the CAM or operating expense charges passed on to you by your landlord. In a triple net lease, tenants are responsible for 100% of their proportionate share of these expenses on top of their rent. In a gross lease, tenants pay for their proportionate share that is in excess of the Base Year amount. These charges are above and beyond the base rent that is stipulated in the lease document and their unpredictability make them a sore spot for many businesses. Tenants receive these operating expense statements from their landlord’s property manager, but how can they know that they are accurately calculated?Read More
Michael Muna is an associate vice president of Hughes Marino’s Portfolio Lease Administration and Advisory team, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Contact Michael at 1-844-662-6635 or email@example.com to learn more.