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Category: Real Estate

CAM-Audit-Avoid-overpayment
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Tuesday, 09 November 2021 / Published in CAM Audit, Real Estate
CAM Audit – Avoid overpayment. Here’s how
Common area maintenance cost (CAM) remains a constant worry when it comes to retail/commercial real estate leasing. With landlords now passing the operating expenses based on estimate which is then reconciled at the end of the year to tally with the amount paid by the tenant has become increasingly challenging process to comprehend and navigate.
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lease administration
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Thursday, 04 November 2021 / Published in Lease Administration, Real Estate
Top 5 benefits of outsourcing lease administration
Lease administration plays a key role in huge cost savings and also drives better control and strategic planning of lease portfolios. A proactive approach in lease administration can help to your better manage risks, recoveries, execution of lease terms, and accounting.  However, even though lease administration is an administrative task, it is quite a complex
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lease abstraction
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Tuesday, 02 November 2021 / Published in Lease Abstraction, Real Estate
Are you prepared with lease abstractions to comply with ASC 842 in January 2022?
Private companies are fast approaching the deadline of January 2022 for implementing the process to comply with the new lease accounting standard ACS 842. The intention behind this standard is to bring every operating expense on to the balance sheet that were previously off balance sheet.  What this essentially means is filling in all the
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Monday, 18 October 2021 / Published in CAM Audit, Real Estate
CAM audit – Tips for tenants to avoid overpayment
Commercial lease tenants are required to pay pro rata share of the operating expense which is commonly known as common Area Maintenance (CAM) expenses. As tenants you have the right to verify whether or not you are being charged correctly. CAM audit is a process that can help you determine accuracy of charges and the
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Friday, 15 October 2021 / Published in CAM Reconciliation, Real Estate
CAM reconciliation – where to start and who can help
Annual common area maintenance (CAM) reconciliation is one of the most tedious processes that is notoriously error prone. Despite the fact it is also one of the processes that is often overlooked by commercial property owners, resulting in errors in reconciliation that over time results in thousands of dollars in losses.  Reconciling CAM expenses against
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Monday, 11 October 2021 / Published in Property Accounting, Real Estate
Top three best practices to improve real estate property accounting
Both commercial real estate owners and property management companies are required to focus on several aspects to keep the business afloat. From managing lease portfolios, listings, finances, administration to other scaling business requirements, industry players are swarmed with conflicting priorities. Sure, success in real estate depends on property sales and marketing and efficient management of
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Monday, 04 October 2021 / Published in Lease Abstraction, Real Estate
The criticality of accurate and timely lease abstraction in a volatile market
Commercial real estate is one of the worst hit industries in the wake of the pandemic. As work from home continues, with some companies opting to adopt that policy as a new way of working, many offices are actively reducing their infrastructure footprints. This is helping companies to save cost and optimize returns. According to
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CAM-audit-for-tenants
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Thursday, 30 September 2021 / Published in CAM Audit, Real Estate
Top three challenges affecting Common Area Maintenance (CAM) audit for tenants
Commercial lease tenants are required to pay common Area Maintenance (CAM) charges are towards the maintenance of usable common areas within the property. It is typically calculated as the tenant’s pro-rata share of the operating expense. While CAM expenses are important for the upkeep of the property which is mutually beneficial for both tenant and
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CAM-reconciliation
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Wednesday, 22 September 2021 / Published in CAM Reconciliation, Real Estate
Three things you should know about CAM reconciliation
Common area maintenance (CAM) expenses are a standard and key part of any commercial lease that helps cover the operating expenses These charges are calculated on a pro-rata basis and passed on to the tenants. That said, despite its importance in the upkeep of a property, the lack of a unified template for reconciling CAM
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Tuesday, 14 September 2021 / Published in Lease Abstraction, Real Estate
How to select the right lease abstraction service partner
Whether it is lease management, lease accounting or common area maintenance (CAM) reconciliation, one thing that is crucial in order to efficiently manage these processes is access to accurate and relevant lease data. The convenience of having lease abstracted in user-friendly formats that is easy to access and understand is simply unparalleled in this market.
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