Whether it’s for office, retail or industrial properties, the preparation of common area maintenance (CAM) reconciliation statements—those charges recoverable by landlords for maintenance costs under a lease—is often done not by accountants, but by property managers; in other words, professionals who typically focus on leasing and tenant operational and relationship matters are less likely to focus on accounting issues. The preparation of CAM reconciliations can be time-consuming and cumbersome, and certain less-common lease clauses can be easily forgotten. This can result in the landlord leaving money on the table. Every tenant lease is unique and costs are variable; amendments can change them from year to year... ...moreRSK: Good article on a few things you may forget about CAM`s. Such as interest for one. | ||
Share this article on you social outlets | ||
Our Sponsors - - Volume: 6 - WEEK: 14 Date: 4/3/2018 8:43:41 AM - |