Cam pay by phone
The park appeared to be in good condition and the landlord was a friend of the family and cut the rent by a third as a courtesy.
“Cash was once the king, and it still is in certain pockets of the economy,” says David Wolman, author of The End of Money.
Be sure to have listed in the lease exactly what your CAM fees will cover, how often they are to be paid, and how much they can be increased each year.
If you will be required to help with the cost of major renovations like parking lot repaving, or any type of structural repairs get it in writing.
Have the landlord list when these repairs we last made and when they are scheduled or anticipated to be done in the future.
Not all landlords will require tenants to help with expenses like roofing, parking lot maintenance, and structural repairs and there really is no “standard” that applies to leases so do not rely on simply seeing “CAM fees” in your lease – be sure CAM fees are explained.