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.
Back to Leasing/Loans. A commercial lease is a document that sets out the rights and obligations of the owner of a commercial property (known as the landlord or lessor) and a third party that has agreed to occupy the property (known as the tenant or lessee).ommercial leases are generally entered into for a period of 3 to 25 years, which includes an initial term and options for the tenant to renew the lease. For example, a 25 year lease would usually be for an initial term of 5 to 10 years followed by successive options of 5 to 10 years each.