The lease seemed straightforward: $2,500 per month for 1,200 square feet of prime retail space. Then the reconciliation notice arrived in January. Your “additional rent” for Common Area Maintenance (CAM) totaled $18,400 for the prior year—$1,533 monthly beyond your base rent. The charges included snow removal ($4,200), parking lot resurfacing ($12,000), landscaping ($3,800), and “administrative … Read more
The emergency call comes at 2:47 AM on a Saturday. The water heater has failed catastrophically, flooding the basement with 40 gallons of rusty water, ruining the tenant’s stored belongings and the new laminate flooring you installed six months ago. As you stand in ankle-deep water with a wet-dry vac, calculating the $3,400 emergency plumber … Read more
The rent is due on the first, but three tenants paid late—one via Venmo, one with a check slid under your door, and one who “forgot” despite your text reminder. The water heater in Unit 4 just failed, but you can’t remember if the warranty expired last month or next month. Your accountant is asking … Read more