Both Load Factor and CAM fees serve the same basic purpose: To require tenants to help cover the landlord’s actual direct expenses for “common areas.” Common areas can include both internal expenses (hallways, elevators, lobbies, public bathrooms, etc.) and external expenses (parking lots, landscaped areas, etc.).

Be sure to have listed in the lease exactly what your CAM fees will cover, an estimate of current CAM fees, and how often they are to be paid. 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 were 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 they’re explained.

For an honest leasing contract with a great landlord, get in touch with the commercial leasing experts at Miller Properties today!

As we write our first blog, we hope to introduce you further to Miller Properties & Investments, and provide you with valuable information to help make the leasing and buying experience easier.

We are a division of Miller Companies, Inc. and has been in the business of real estate over 50 years. Miller Properties & Investments only sells and leases properties that we directly own. All of our lease properties have been built by us, therefore have been designed with the tenant in mind. Before any property is developed we study the area to make sure it is a good fit for us and for potential tenants, looking at traffic counts, area business, etc.

Miller Properties & Investments currently have eight lease properties serving retail, office, medical, and restaurant tenants that are located on the west side of St. Cloud, MN. We also have a variety of lots and land for sale in the greater St. Cloud area.