Of Interest
CAM Charges in Leases – Don’t Get Ripped Off!
Most commercial leases are triple net leases whereby tenants are expected to pay for real estate taxes, building insurance and common area and maintenance (CAM) expenses in addition to rent and utilities. CAM charges should be carefully negotiated and delineated in the lease. A landlord will usually try to draft a lease to allow for the immediate pass-through of all costs incurred in its ownership of the property. CAM clauses in leases have become so broad that CAM charges can ap...
Navigating DC’S “CBE” Preference Program for Contractors
Establishing a successful small business in today’s economy can be a challenge. The District of Columbia offers a program that can be a boon to any small business wishing to secure work with District agencies: the Certified Business Enterprise (“CBE”) program. The CBE program’s history dates back to the mid-1970’s and is now monitored by the District of Columbia Department of Small and Local Business Development (“DSLBD”). Businesses which qualify as CBEs are awarded “preference ...