Landlord CAM charges are typically estimated and paid monthly in advance. Early in each lease year, new estimates should be provided.
When it comes to tenant’s audit rights, tenants have a legitimate interest in being able to verify the charges being passed through to the tenant.
In this 9-minute video our speaker, Marc. H. Goldsmith, reviews all of this as well as who pays HVAC charges from the landlord and tenant perspectives.
Marc H. Goldsmith, Counsel with McGuireWoods LLP’s Los Angeles, CA office. His practice focuses on commercial leasing and commercial real property purchase and sale transactions, as well as condominium law. He is responsible for negotiating, drafting and reviewing various real estate contracts for retail, office and industrial uses, including leases, purchase/sale agreements, easements, licenses, deeds of trust, subordination agreements, and amendments. Mr. Goldsmith serves as general corporate counsel to numerous nonprofit homeowners associations, business and mixed-use condominium associations, timeshare associations, and for profit entities.
Agenda
Faculty
Marc H. Goldsmith
The Law Offices of Marc H. Goldsmith
- Partner at The Law Offices of Marc H. Goldsmith
- Specializes in representing condo associations and commercial leasing
- President of The Summit on Sixth Homeowners Association and former Board President of the Greater Los Angeles Chapter of the Community Association Institute
- Member of the California State Bar and California Lawyers Association
- Awarded the Hall of Merit Award by the Greater Los Angeles Chapter of the Community Association Institute
- Volunteer Attorney, Bet Tzedek small business program
- Certified Mediator from Asian Pacific American Dispute Resolution Center
- J.D. degree, University of Minnesota Law; M.P.S. degree, University of Minnesota
- Can be contacted at (213) 375-7658 or [email protected]
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