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.
An additional consideration is whether the lease calls for monthly CAM escrow payments. When dealing with large commercial properties, CAM charges can run into the tens or hundreds of thousands of dollars. As a security, landlords will require tenants to contribute monthly payments towards the annual CAM expenses. At the end of the year, the landlord will calculate CAM charges for the year and any deficiency in the CAM escrow account shall be the responsibility of the tenant.