3 things for landlords to remember about CAM reconciliations


3 things for landlords to remember about CAM reconciliations


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...   ...more

RSK: Good article on a few things you may forget about CAM`s. Such as interest for one.

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- - Volume: 6 - WEEK: 14 Date: 4/3/2018 8:43:41 AM -