NNN expenses include common area maintenance expenses, real property taxes and insurance.
A budget of estimated CAM, insurance and Real Property Tax expenses is set every year. Each tenant’s pro-rata share is calculated and tenants are billed prorata of the annual estimate each month. At the end of each year, we compare the actual expenses against the sum of your monthly contributions. If we under-collected, you will be invoiced for the amount due and if we over-collected, you will receive a credit.