How Do You Calculate Gross Living Area? Subtract the area of a room or stairwell from each floor other than the first if they span multiple stories. For example, if a 15-by-20-foot foyer is two stories tall, then those 300 square feet would count towards the gross living area on the first floor but not
What Is A Gross Living Area? “Total area of finished, above-grade residential space; calculated by measuring the outside perimeter of the structure and includes only finished, habitable, above-grade living space. (Finished basements and attic areas are not generally included in total gross living area. Local practices, however, may differ).” What is considered living area in
Can I Charge My Tenant For Common Area Maintenance? 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. How do you record common area maintenance charges? For the