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Updated over 11 years ago,
In calculating CAM, does Operating Cost usually include Property Tax?
Hi
I have a question regarding calculation of Administrative cost. The lease states that the tenant is to pay 15% of "all of the foregoing costs as an administrative expense" under the "operating costs". Would this include the property tax or no? Only possible clause under what is included is "the cost and expense of complying with all federal, state and local laws, orders, regulations and ordinances applicable to the Property which are now in force".
Among the things that are excluded from the operating costs is "taxes on Landlord's business"
Thank you,