Agenda - Council - 04/11/2017 - Laserfiche WebLink

Home

are included in CAM charges and passed through to tenants. 2) Repair & Maintenance — Cost of repair and maintenance items that are included in CAM charges and passed through to tenants. 3) Parking Lot Maintenance— Cost of parking lot maintenance items that are included in CAM charges and passed through to tenants. 4) Snow Removal — Cost of snow removal that are included in CAM charges and passed through to tenants. 5) Grounds Maintenance—Cost of ground maintenance items that are included in CAM charges and passed through to tenants. 6)Other CAM expenses are items that are included in CAM charges and passed through to tenants. Painting&Decorating-This expense category is relevant to residential properties where the landlord is required to prepare a dwelling unit for occupancy in between tenancies. Cleaning &Janitorial -The expenses for building cleaning and janitorial services, for both daytime and night-time cleaning and janitorial service for tenant spaces, public areas,atriums,elevators,restrooms,windows,etc.Cleaning and Janitorial expenses can be provided either in the following subcategories or entered in a bulk total. 1) Contract Services-The expense of cleaning and janitorial services contracted for with outside service providers.2)Supplies, Materials& Misc. -The cost any cleaning materials and any other janitorial supplies required for property cleaning and janitorial services and not covered elsewhere. 3) Trash Removal -The expense of property trash and rubbish removal and related services. Sometimes this expense item includes the cost of pest control and/or snow removal .4) Other Cleaning/Janitorial - Any other cleaning and janitorial related expenses not included in other specific expense categories. Advertising&Promotion - Expenses related to advertising, promotion, sales, and publicity and all related printing, stationary,artwork, magazine space, broadcasting,and postage related to marketing. Professional Fees-All professional fees associated with property leasing activities including legal,accounting,data processing, and auditing costs to the extent necessary to satisfy tenant lease requirements and permanent lender requirements. Total Payroll-The payroll expenses for all employees involved in the ongoing operation of the property, but whose salaries and wages are not included in other expense categories. Payroll expenses can be provided either in the following subcategories or entered in a bulk total. 1)Administrative Payroll—The payroll expenses for all employees involved in on-going property administration. 2) Repair & Maintenance Payroll - The expense of all employees involved in on-going repairs and maintenance of the property. 3) Cleaning Payroll -The expense of all employees involved in providing on-going cleaning and janitorial services to the property 4) Other Payroll -The expense of any other employees involved in providing services to the property not covered in other specific categories. Security - Expenses related to the security of the Lessees and the Property. This expense item includes payroll, contract services and other security expenses not covered in other expense categories.This item also includes the expense of maintenance of security systems such as alarms and closed circuit television(CCTV),and ordinary supplies necessary to operate a security program, including batteries,control forms,access cards, and security uniforms. Roads&Grounds-The cost of maintaining the grounds and parking areas of the property.This expense can vary widely depending on the type of property and its total area. Landscaping improvements can range from none to extensive beds, gardens and trees. In addition, hard-surfaced public parking areas with drains, lights, and marked car spaces are subject to intensive wear and can be costly to maintain. Other Operating Expenses -Any other expenses incurred in the operation of the property not specifically covered elsewhere. Real Estate Taxes -The tax levied on real estate (i.e., on the land, appurtenances, improvements, structures and buildings);typically by the state,county and/or municipality in which the property is located. 123