It’s CAM season again, so we’ve rounded up our best CAM resources to give a solid primer to anyone unsure where to get started with reviewing their CAM reconciliations. Check out the informative articles below for help with all things CAM-related:
Desktop vs. Full Lease Audit & Audit Rights, Explained
Reviewing your CAM/OPEX reconciliation is an important aspect of managing your leased portfolio that makes good business sense. There is potential for significant and recurring cost savings by validating the charges assessed by your landlord against your lease and related documents. The savings are usually unbudgeted and reduce overall real estate costs. Learn about some key information found in the audit rights clause of your lease, as well as how to distinguish between a desktop audit and full lease audit.
5 Things to Know. Right. Now. About Common Area Maintenance Costs
A tenant’s share of the costs to operate and maintain common areas of a property can be a significant financial component of a commercial lease. For tenants, negotiating CAM language creates an opportunity to clarify their responsibility for operating expenses, but for landlords, it can create extra work. This article details five important things to Know. Right. Now. about CAM clauses.
What Do You Need to Know. Right. Now. About Your Lease’s Base Year?
Reviewing your reconciliation to make sure your base year calculations are correct can create savings for your company. Check out this article for a review of grossed-up expenses, deferred expenses, and comparing current year expenses against base year expenses.
If you would like to ensure you are not overpaying your lease obligations, we can help! Scribcor Global Lease Administration has an experienced lease audit team that is trained for complex lease issues, and who can assist with your CAM reconciliation review. Whether you need a desktop audit or a more complex on-site audit, our team possess the skillset required to validate your billing against your lease and related documents. We can help you manage your CAM/OPEX reconciliations to help your identify any errors, misstatements, or overcharges, and send savings directly to your company’s bottom line. Find out how by contacting us today!