âGiven the economic environment over the past three years, we didn't complete the mining of the site,â he said. Nugent, in business since 1912, sells sand to automakers and foundries who use it to make molds for metal components. The company employees 48 people at its sites in Norton Shores and Dalton Township. Nugent Sand Company Inc., 2925 Lincoln. For the residents of Idlewild, many whose roots in the resort stretch back for generations, it's a request that has promoted a lot of questions.
Common area maintenance charges. Common Area Maintenance charges, or CAM for short, are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property.
A full service gross lease typically has one rate for the space that includes all of the expenses of the space such as taxes, insurance, maintenance and utilities. A NNN or triple net lease listing states the base lease rate for the space and then will charge a NNN fee or CAM (Common Area Maintenance) charges on top of the base rate. In this case, the NNN fee or CAM charges will be the owners actual cost of running the building and typically includes taxes, insurance and maintenance. Utilities are paid by the tenant based on actual use.