Posts by Sharon Otteman

Sharon has over 25 years of real estate experience, and has spent 23 years dedicated to lease administration. She is involved in various business development activities, including fostering relationships with Scribcor's prospects, clients, and partners, and contributing her expertise to thought leadership pieces. Article edited and copy-edited by Katie Goldhagen.

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...

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...

What is Equipment Lease Administration?

The accounting requirements for ASC 842, IFRS 16, and GASB 87 compelled companies to look at not only their real estate leases, but also added requirements for managing equipment leases. So, what does lease administration for equipment leases involve? Well, there are...

What is Real Estate Lease Administration? Does Your Company Need It?

Companies spend a significant amount of time and money negotiating their real estate leases. Whether you are in your company’s finance, legal, procurement, or real estate department, you have likely worked with your company’s real estate leases. Once a lease is...

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