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Tag: CAM Charges

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Are you aware of your CAM charges or are you overpaying?
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Wednesday, 03 February 2021 / Published in Real Estate

Are you aware of your CAM charges or are you overpaying?

Tenants leasing commercial spaces are needed to pay common area maintenance (CAM) charges for upkeep and repair of common areas. These generally include staircase, escalators, elevators, lobby area, corridors, parking lot, outside landscaping and others. CAM charges make up an important part of commercial real estate leasing as they help maintain the building/property efficiently. CAM
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Managing the uphill task of CAM reconciliation in the face of Covid-19 pandemic
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Friday, 16 October 2020 / Published in Real Estate

Managing the uphill task of CAM reconciliation in the face of Covid-19 pandemic

Common area maintenance (CAM) charges play a key role in the upkeep of the commercial property. CAM fees, as known, as charges passed on to the tenants by the landlord that accounts for the operating expenses of a property. Typically, CAM charges are in Triple Net leases, that also includes property taxes and insurance. CAM
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How can improving CAM reconciliation impact leasing strategy?
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Thursday, 23 January 2020 / Published in Real Estate

How can improving CAM reconciliation impact leasing strategy?

Common Area Maintenance (CAM) reconciliations for commercial properties can be a nerve-racking task. It is given that commercial real estate accounting can be challenging and tricky if not done diligently and timely. This is one area that is prone to human errors. Due to inaccurate and incomplete CAM reconciliations landlords not only suffer huge negative
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3 solid reasons why you should hire a CAM reconciliation service right away
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Thursday, 12 September 2019 / Published in Real Estate

3 solid reasons why you should hire a CAM reconciliation service right away

The US Law defines CAM charges as the expense that a tenant is expected to pay up on a pro-rata basis towards the annual maintenance, repair and operation of common utility areas, as incurred by the landlord / property owner. In the real scenario, CAM charges are basically whatever the landlord has mentioned in the
CAM AuditsCAM ChargesCAM Reconciliation OutsourcingCAM Reconciliation Serviceslease administrationOffshore Lease Administration
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