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Is the Common Area Maintenance 1099 reportable?
All payments over $600 to one person needs to be reported on Form 1099.
Does Florida require a sales tax on service charges?
Florida charges sales tax on a very few services, however, if tangible personal property is given to the client in the performance of services, then the whole service can be subject to sales tax. It is a tricky area of Florida sales tax law. Below is a link to a detailed article that spells out what services are subject to sales tax and how to what out for the "might be taxable" scenarios. http://www.floridasalestax.com/Florida-Tax-Law-Blog/2012/May/WHAT-SERVICES-ARE-SUBJECT-TO-SALES-TAX-IN-FLORID.aspx
Do you have to be legally married to file taxes jointly?
Yes, your marriage has to be legally recognized, but some states have common law marriage where you're recognized as legally married without a marriage license. If you became legally married in a common law state, your marriage is recognized federally. It is also recognized by other states that don't have common law marriage if you move to another state after establishing a common law marriage. As long as your common law marriage remains valid and you haven't separated, you can file jointly for federal and state tax purposes. It appears that the following states have common law marriage laws: Alabama, Colorado, Kansas, Rhode Island, South Carolina, Iowa, Montana, Utah, and Texas (and the District of Columbia). If you established a relationship in one of these jurisdictions, you'll want to see if you have a legal marriage under the area's common laws.
What are the potential cost of implementing a database system?
5. What are the potential costs of implementing database?When implementing a system, the cost is a very area that should be considered as well after determining it requirement, alpha and beta test are passed upon implementation it cost should had been considered. In this case of database it implementation cost includes hardware, software , maintenance and location are the regular database implementation dimension.Ø Hardware: We need something for it to live on. This could either be bought, or hired.Ø Maintenance: The system will at some point require updating - costs of this will need to be considered. There will also be essential maintenance from time to time although this may be covered under your contract if you get an external company to do it for you .If you own the hardware then you will also have to consider staffing to do the maintenance part - does your team have the skills or do you need another.Ø Software: Lots of free software lots of expensive software - what are we going to use and what the best for the job are for it.Ø Location: In the location, where and which part the earth should our system be operates from is very import, though in the case of database technologies most are hosted online in the means one can operate from anywhere or part of the earth. But is very important to consider the location of system source.By Enebeli Edwin NdudiUnisel-Malaysia
What is the meaning of net lettable area?
The area of useable sales space used by a tenant.
What is the procedure to calculate Common Area Maintenance charges?
Add all expenses and divide by the GLA.
Is mortgage included in common area maintenance?
The mortgage is not included in the Common Area Maintenance. Common Area Maintenance (CAM) expense is considered the expense for taxes, insurance and maintenance and operation of the Common Areas of a property including but not limited to, shared utilities, community lighting, parking lot repairs, landscaping, etc. A mortgage is not considered an operations expense. Leases will usually specify what constitutes CAM charges reimbursable by the tenant (lessee) to the owner (lessor).
Common Area Maintenance letter to tenants?
keep common area clean
Is painting part of common area maintenance?
Yes, painting is part of common area maintenance. This is done in cases of people moving out of apartments and such.
What is CAM in a rent rool?
In rent roll CAM means "common area maintenance". CAM charges are expenses incurred in maintaining the common areas of a building. They include everything from property taxes and insurance to landscaping and janitorial.
We have yearly CAM charges that are estimated at 65 cent per square foot and are charged monthly after 2007 ended we received a bill for 3500 more dollars Is this common?
Depending on your location, another large bill may be incurred at the end of the year for your common area maintenance charges. This is not unheard of.
What does Cam stand for in a Commercial Lease field?
Common Area Maintenance
What are poa dues on vacant land?
PROPERTY OWNERS ASSOCIATION is usually the governing body in any housing development. It charges property owners for the maintenance on your property as well as common property shared by all, pools - picnic area's - playgrounds, etc.
What are Differences between room maintenance and maintenance of public area?
what are the different between room maintenance and maintenance of public area
What are the difference between room maintenance and maintenance of public area?
what are the different between room maintenance and maintenance of public area
What fees count as common area maintenance fees?
Amounts charged to tenants for expenses to maintain hallways, restrooms, parking lots, and other http://www.answers.com/topic/common-areas.Example: In a regional mall, the cost of utilities needed to heat, cool, light, and clean the common areas was allocated to each tenant as common area maintenance, charged back to tenants.
Thoroughly Read The Terms Of A Commercial Lease?
Before signing a commercial lease, one must ensure that they read through the lease and understands the terms of the lease. One must determine what exactly is included in the rent. One must ask if the rent per square foot, which is typically what is advertised, includes the common area maintenance. Common area maintenance includes the expense for maintaining common areas such as walkways, grass areas, foyers, waiting areas, hallways, bathrooms and so forth. If one determines what exactly is included in the rent per square foot, there will be fewer surprises in the future. Determine if there are any hidden charges or incidental charges that may not be prominently placed within the commercial lease agreement.
