Meaning common area maintenance
What does common area maintenance mean? Here you find 6 meanings of the word common area maintenance. You can also add a definition of common area maintenance yourself
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common area maintenanceDefinition Fees tenants pay beyond their rent for the upkeep of common facilities, such as parking lots and halls.
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common area maintenanceRent charged to the tenant in addition to the base rent to maintain the common areas. Examples include snow removal, outdoor lighting, parking lot sweeping, insurance, property taxes, etc.
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common area maintenanceA charge assessed to a tennant beyond basic rental fees to cover maintenance costs of the propery's common areas, such as lawns, hallways, and other areas intended for the use and benefit of all [..]
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common area maintenanceAn application that distributes expenses associated with common area maintenance (for example, lawn maintenance and water usage) of leased commercial buildings among tenants according to individual le [..]
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common area maintenanceA method by which Common Area Maintenance expenses are distributed to tenants using calculated denominators based on the measurement of space occupied or on fixed values.
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common area maintenanceAn adjustment made to operating expenses to account for the occupancy level in a building. When operating expenses are "grossed up", it means that the building's variable expenses have [..]
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