The landlord in Dallas who taught me to read CAM charges closer

I was touring a small retail space in Dallas with the landlord, and when I asked about the $4,200 yearly CAM number he just flipped to the last page of the lease and pointed at one line. It said the estimate could go up 15 percent every year with no cap, and he shrugged and said "nobody reads that part." That one comment pushed me to start asking every seller for three years of actual CAM bills, not just the current estimate. It caught a $6,000 surprise on a different property in Plano. Does anyone here have a trick for spotting these buried cost clauses before you sign?

0 comments

Log in to join the discussion

Log In

0 Comments

No comments yet

Be the first to share your thoughts on this discussion.