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Irwin Law
Irwin Law, Attorney
Category: Landlord-Tenant
Satisfied Customers: 7157
Experience:  Attorney 35 years extensive and active real estate practice; represents both landlords and tenants
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My CAM just went up a lot from $6.7 to $11.3 Square feet due

Customer Question

My CAM just went up a lot from $6.7 to $11.3 Square feet due to property tax ,the property was sold ,I sing a lease willing to pay the changes ,but I never expected property to be sold,there should be something to protect me as a small business .we tenants just got notify 2 weeks ago about this huge increment to be pay by January 2016,I don't now what I can do I just been there 9 months and my rent just went up,not even counting my yearly increment yet. We are in San Fernando CA
Submitted: 1 year ago.
Category: Landlord-Tenant
Expert:  Irwin Law replied 1 year ago.

there should be something to protect me as a small business .

If your lease contains any clauses that freezes the CAM charges, then the new owners are bound by them. If not, then your increase costs may force you to adjust your pricing structure and or force you to relocate to a cheaper rent unless you can negotiate something with the new owners. Unfortunately, commercial real estate does not distinguish between small business or big business, and you are legally bound to pay the increased CAM charges.