Questions of the Week | Cracking the Code: TMI in Commercial Leasing Explained!
REI Hot Seat16 Dec 2025

Questions of the Week | Cracking the Code: TMI in Commercial Leasing Explained!

In this segment of Questions of the Week on the REI Hot Seat, Dave and Jacob break down one of the most confusing parts of commercial leasing: TMI (Taxes, Maintenance & Insurance).If you’ve ever wondered what’s included, how it’s calculated, why it changes, or how it compares to CAM (common area maintenance)… this one’s for you.Whether you're a first-time commercial tenant, moving from a gross lease, or just trying to wrap your head around commercial numbers, we demystify it all in simple language.


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David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/


Questions of the Week | Cracking the Code: TMI in Commercial Leasing Explained!

0:00 – What is TMI?

0:22 – TMI vs CAM explained

1:12 – Base rent vs TMI: how it’s actually calculated

2:45 – Does TMI change every year?

3:53 – CAM fees and how they differ

4:18 – Maintenance costs & amortized repairs (watch out for this!)

5:16 – Why tenants need pro representation

5:45 – Real example: tenant confusion after signing without an agent

6:02 – Final thoughts & Questions of the Week


DISCLAIMER: THIS EPISODE, AS WITH EVERY EPISODE OF THIS SHOW, SHOULD NOT BE CONSIDERED AS ADVICE. INVESTMENT ADVICE IS NEVER GIVEN ON THIS SHOW. ALWAYS CONSULT A COMPETENT INVESTMENT ADVISOR BEFORE MAKING AN INVESTMENT DECISION.

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