In commercial leases, "operating expenses" (often referred to as OPEX, CAM or Common Area Maintenance) generally cover the costs associated with the daily operation, maintenance, and repair of the property. In addition to...more
7/14/2025
/ Commercial Leases ,
Commercial Property Owners ,
Commercial Real Estate Contracts ,
Commercial Tenants ,
Contract Terms ,
Landlords ,
Leases ,
Operating Costs ,
Property Insurance ,
Property Owners ,
Property Tax ,
Real Estate Transactions ,
Tenants
In its recent decision in Jahangiri, et al. v. 1830 North Bayshore, LLC, the Third District Court of Appeal asserted that a lease extension option based on “market rate” is insufficient to create a binding and effective...more
9/25/2018
/ Appeals ,
Binding Contractual Rules ,
Commercial Leases ,
Contract Drafting ,
Contract Renewal ,
Contract Terms ,
Market Rate ,
Real Estate Market ,
Renewal Options ,
Rental Property ,
Rental Rates ,
Unenforceable Contract Terms