Springbord

Springbord

  • Home
  • Real Estate
  • ECommerce
  • Data Labeling Services
  • Entity Reference Data
  • Sports Data Capture
  • Online Travel Aggregator
M E N U

Stop overpaying and control your expenses with professional CAM Audit services

Stop-overpaying-and-control-your-expenses-with-professional-CAM-Audit-services Read time 2 min

As a business owner you are burdened with a slew of responsibilities, one of which is optimizing the cost of doing business. Amongst which maintaining and managing the lease for the business premise ranks top on the priority list. However, given the myriad business and operational demands, it hardly comes as a surprise that some of the lesser important priorities take a back seat or are often overlooked. 

One such area is common area maintenance (CAM) expenses, a clause that is found in any commercial lease and is often a point of contention between landlords and tenants. This is a tenants pro-rata share of operating expenses for the common areas that the landlord passes on to its tenants. Usually, CAM is billed based on estimation throughout the year, and later reconciled with actuals. Tenants are then either reimbursed or sent additional invoice depending on what they have paid for a year is more or less than the actual expenses incurred. 

Understanding issues that are all too common in CAM billing

Even though the process of calculating and reconciling CAM expenses appear to be simple it is fraught with errors and inaccuracies. Apart from erroneous calculations, sometimes landlords may inadvertently pass on expenses that do not quite fall under the CAM category. For instance, a repair work done for a certain tenant, which does not fall under a shared space, is passed on as a CAM expense, this is an all too common occurrence that often inflates the CAM invoices. Apart from this, poor interpretation of expenses and its categorization also results in unnecessary expenses finding their way into the CAM billing. 

As it is CAM expenses form a significant part of commercial lease cost for any business, even a slight inflation or erroneous billing can substantially add to the overall cost burden.  

Outsourcing CAM audit to ensure accuracy of CAM charges 

To address the challenges of inaccurate CAM billing and overcharges, businesses need to partner with professional firms to conduct a thorough CAM audit. Outsourcing partners bring the right and necessary tools, resources, and certified talent who can help you determine whether or not what you are being charged is reasonable and as per the lease terms. 

Moreover, outsourcing CAM audit offers value for both tenant and landlord. They often identify errors and inaccuracies in the billing and also determine the way CAM charges have been calculated. This process also helps rectify any future errors. As for landlords, audit allows them to streamline their process and correct any billing inaccuracies, averting any risk of non-compliance and tenant-conflict. 

CAM audit has emerged to be a great practice, in that its enables business owners to not only ensure they avoid overpaying against operating cost but also optimize lease cost, thus saving substantial amount of money year-on-year.

At Springbord we have been helping businesses identify legitimate expenses and only pay what they are liable for through stringent and thorough CAM audit services. We guarantee accuracy and help optimize the bottom line. To know more about our CAM audit services, connect with us today!

CAM auditCAM Audit ServicesCAM AuditsOutsource CAM Audit
Read more
0
admin
Monday, 20 December 2021 / Published in CAM Audit, Real Estate
Lease Abstraction Services
Amazon Marketplace Management and Product Listing Services
Tagged under: CAM audit, CAM Audit Services, CAM Audits, Outsource CAM Audit

Recommended Articles

How to select the right lease abstraction service partner
Read more
Understanding-CAM-charges-in-a-commercial-lease
Understanding CAM charges in a commercial lease
Read more
CAM-Reconciliation-Avoid-the-risk-of-landlord-tenant-dispute-over-faulty-CAM-charges
CAM Reconciliation – Avoid the risk of landlord-tenant dispute over faulty CAM charges
Read more

Blog Search

Drive profitable business outcomes with efficient CAM reconciliation

Recent Real Estate Posts

  • What commercial landlords should know about CAM reconciliation

    What commercial landlords should know about CAM reconciliation

  • Benefits of outsourcing property accounting

    Benefits of outsourcing property accounting

  • Why is outsourcing CAM reconciliation beneficial for Property managers

    Why is outsourcing CAM reconciliation beneficial for Property managers

  • The importance of CAM audit

    The importance of CAM audit

  • How lease administration services help reduce risk

    How lease administration services help reduce risk

Recent Posts

  • How to Tackle Change Management Strategy During Uncertainty

  • Top-5-Benefits-of-Hiring-Amazon-Catalog-Management-Services

    Top 5 Benefits of Hiring Amazon Catalog Management Services

  • What-commercial-landlords-should-know-about-CAM-reconciliation

    What commercial landlords should know about CAM reconciliation

  • Benefits-of-outsourcing-property-accounting

    Benefits of outsourcing property accounting

  • Data-Labeling-and-its-Significance-in-Machine-Learning-and-AI

    Data Labeling and its Significance in Machine Learning and AI

EXPLORE BY CATEGORIES – REAL ESTATE

  • Real Estate Back Office Support
  • Lease Abstraction
  • Lease Administration
  • Lease Accounting
  • Property Accounting
  • CAM Audit
  • CAM Reconciliation
  • Argus Financial Modeling
  • Data Visualization
  • Real Estate Data Services
  • Real Estate Marketing
  • Stacking Plan
  • Floor Plan
  • Video Walkthrough
  • Image Rendering
  • Maps & Aerials
  • Virtual Reality
  • Site Plan
  • Augmented Reality

GET A FREE QUOTE

Please fill this for and we'll get back to you as soon as possible!

Connect With Us
hello@springbord.com

Categories

Real Estate

Lease Abstraction
Lease Administration
Lease Accounting
CAM Reconciliation
Argus Financial Modeling
Real Estate Marketing

Categories

E-Commerce

Marketplace Management
Amazon Marketplace
Product Description Writing

Springbord is a leading global information service provider specialized in providing customized data solutions to diverse industries.

Industry

Real Estate
E-Commerce
Financial Services
Information Publishing
Online Travel Aggregators
Shipping

Services

Data Management
Content Writing
Property Management
Finance & Accounting
Predictive Analysis
Sports Data Capture

Company

About Us
Why Springbord
Thought Leadership
Contact Us

Stay Connected

© Springbord. All rights are reserved

Careers   /   Privacy Policy   /   F.A.Q.   /   Terms and Conditions   /   Sitemap   /   Disclaimer Policy

TOP