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An administrative fee is typically not classified as a common area maintenance cost. Common area maintenance (CAM) costs generally cover expenses related to the upkeep and management of shared spaces, such as landscaping, cleaning, and repairs. Administrative fees, on the other hand, often pertain to the costs associated with managing the property or overseeing the operations, which are separate from direct maintenance expenses. However, these fees may be included in overall property management costs, depending on the lease agreements.
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What kind of cost is common area maintenance costs?
Common Area Maintenance (CAM) is the operating cost associated with the space in a development that is not suitable for leasing, but is used (or available for use) by all tenants. Specifics would vary by property type but might include the expenses for maintaining the pool at an apartment complex or the utility and repair bills for the parking lot of a retail center.
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.
Are utility cost part of common area maintenance costs?
This article covers CAM fairly well. The simple answer is yes. http://www.goulstonstorrs.com/uploadedFiles/Newsstand/Media_Articles/goulstonstorrsreprint.pdf NO......................
Is common area maintenance cost part of rental expense?
Yes, common area maintenance (CAM) costs are typically considered part of rental expenses for tenants in commercial leases. These costs cover shared expenses such as cleaning, landscaping, and maintenance of common areas. Landlords usually allocate these costs to tenants based on their lease agreements, which may specify how CAM charges are calculated and billed. Therefore, tenants should account for CAM costs as part of their overall rental expenses.
Why do colleges cost so much?
Colleges cost a lot because of various factors such as faculty salaries, campus maintenance, technology upgrades, and administrative expenses. Additionally, the demand for higher education and the availability of financial aid can also impact the cost of attending college.
We would like our new pool serviced twice a week, how much would it cost us?
The cost of pool maintenance will vary slightly depending on your location. To locate a pool maintenance provider in your area visit www.poolcaredirectory.com/.
Is depreciation of administrative equipment product cost or period cost?
Depreciation of administrative equipment is period cost because if production is done or not those assets will be depreciated hence cost will be charged as period cost.
How much does landscape maintenance cost?
It depends on what area of the world you live. Some people will work for a pound a day.
Is the administrative salaries are the variable cost?
Administrative salaries has no relationship with production of product so it almost always remain same so it is a fixed cost not variable cost
Why do colleges cost so much for students?
Colleges cost a lot for students because of various factors like faculty salaries, campus maintenance, technology upgrades, and administrative expenses. Additionally, the demand for higher education and the availability of financial aid also influence the cost of attending college.
Is direct material a selling cost?
is direct cost a? Selling cost, manufacturing costs, direct, manufacturing cost indirect, general and administrative cost, fixed cost , variable cost, is direct cost a? Selling cost, manufacturing costs, direct, manufacturing cost indirect, general and administrative cost, fixed cost , variable cost,
What is the average cost of maintenance?
It depends on what you are going to fix but, research reveals that an estimated home maintenance can cost $4,000.
