If your 2021 operating/CAM reconciliations have started coming in, the topics in this article will be helpful for you...
Month: April 2022 Articles
What Do You Need to Know. Right. Now. About Your Lease’s Base Year?
Common area maintenance (CAM) reconciliations are processed by landlords throughout the year, but most often in the first half of each expense year. Some office leases have an amount relating to CAM built into their base rent charge, called a “base year.” This base...
Caps, Stops, Pro Rata Share and More! The Components and Mechanics of Expense Reconciliation
Commercial tenants are often financially responsible for their share of a property’s operating expenses, which can be a sizeable portion of their total lease obligation. Accurately calculating the tenant’s share entails a thorough understanding of each of the...
Have You Reviewed Your 2021 Annual Operating Expense or CAM Reconciliation Yet?
If your 2021 operating/CAM reconciliations have started coming in, the topics in this article will be helpful for you to keep in mind during your reconciliation review. The pandemic and other events of the past two years prompted us to take a closer look at several...
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