Read time 2 minEvery business functions systematically when there is proper management and organization. No matter the size of the business the owners and managers have their hands full which is why it’s advised to have an order in a company.
Having too much on the plate automatically leads to overlooking certain tasks which increase workload and one such task may happen to be CAM (common area maintenance) which has several tasks within it. The CAM audit takes charge of the entire CAM responsibilities and scans the CAM system providing error-free management, and calculations and removing doubts and conflicts.
Importance of CAM audit
CAM audit benefits both the parties involved in various ways, hence, its important to understand how both the sides have their advantages:
CAM audit’s benefit for the landlord:
CAM audit is helpful for landlords to keep everything under control and managed without them breaking their heads about fee and expense errors. CAM audit updates the changes that occur often in charges with the price of utilities, change of gatekeeping price, extra expenses on a particular month, etc.
Without the audit, there might be miscalculations that reflect on the owner’s image and may affect the property but withCAM an audit everything is upfront. This way the landlord and tenant’s relations aren’t affected and the right amount is extracted without over or undercharging. There are other benefits of using audit, like cost-effectiveness, timely payment, etc, which are otherwise usually missed out.
CAM audit’s benefit for tenants:
Tenants can equally benefit from CAM audit’s transparency and accuracy. CAM audit removes all kinds of unethical practices that could occur without the knowledge of the tenants and many times they do not have the proof to accuse but an audit guarantees safety from any extra fees.
The full report of expenses is handed to the tenants so this way they know what they are paying for and are updated with changes, hence, paying only for properly calculated bills.
CAM audit partner
Springbord is a compatible partner that understands all the necessities of the industry and each individual business. With Springbord being a one-stop solution you can find the task experts in one place for all the back-office maintenance.
Springbord CAM audit takes care of both the parties, our experts audit billing adjustments, cost levied, and lease agreements in terms of administration, facility portfolio, and language so that there is absolute accuracy in the calculations.
Our team and advanced customizable technology and services bring the most suitable formulas for a CAM audit for different kinds of properties. Our strategies for management are of top-notch quality and are offered without cutting a hole in your pocket.
