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A clause identifying costs that cannot be included in a tenant's operating expense or CAM charges.
An exclusion clause identifies costs that cannot be included in a tenant's operating expense or CAM charges. Common exclusions can include landlord financing costs, leasing commissions, costs attributable to other tenants, certain capital expenses and expenses caused by landlord negligence.
A landlord's general ledger may contain expenses that are valid property costs but are not recoverable from a particular tenant.
How REAL helps
REAL tests each charge against the lease's specific exclusions and surfaces exceptions with the governing lease language.
REAL
REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.