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Text Content

 * What We Offer
   * Lease Abstraction
   * Lease Administration
   * Lease Accounting
   * Additional Services
 * Who We Serve
   * Corporate
   * Retail Multi-Locations
   * Tower
   * REIT/Property Owners/Managers
   * Healthcare
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 * CAM audits
 * /
 * November 9, 2023
 * by ADMIN


UNLOCKING REAL ESTATE COST SAVINGS: HOW TENANTS CAN BENEFIT FROM CAM AUDITS



As commercial real estate tenants, it’s crucial to optimize cost savings
wherever possible. One often overlooked opportunity lies in conducting Common
Area Maintenance (CAM) audits. By thoroughly examining various aspects of lease
expenses, tenants can uncover potential cost savings in several key areas. Let’s
explore how CAM audits can help tenants unlock significant savings across annual
expense reconciliations, capital improvements, escalation caps, gross-ups,
tenant improvement allowances, real estate taxes, pro rata share discrepancies,
base year calculations, landlord billing issues, and even security deposits.

Annual Expense Reconciliations:

CAM audits scrutinize annual operating expense and reconcile them to ensure that
tenants are only charged for their fair share of operating expenses. By
reviewing invoices, contracts, and lease agreements, tenants can identify
billing errors, duplicate charges, or incorrect calculations that may result in
overpayment.

Capital Improvements:

CAM audits assess whether the capital improvement costs charged by the landlord
align with lease agreements. Tenants can verify the appropriateness of expenses,
negotiate the allocation of costs, and ensure compliance with lease provisions,
potentially reducing their financial burden.

Escalation Caps:

CAM audits confirm whether escalation caps on expenses are accurately applied.
Tenants can ensure that their lease terms are being adhered to, preventing costs
from exceeding predetermined limits and maintaining budget predictability.

Gross-Ups:

CAM audits evaluate whether gross-up calculations for shared common area
expenses are performed correctly. Identifying any discrepancies can lead to
fairer allocation among tenants, potentially reducing individual cost burdens.

Tenant Improvement Allowances:

CAM audits review tenant improvement costs to ensure they align with the lease
agreement. By validating that charges are within the agreed-upon allowance,
tenants can avoid unexpected expenses and effectively manage their financial
resources.

Real Estate Taxes:

CAM audits verify the accuracy of real estate tax assessments. Tenants can
identify potential errors or discrepancies, ensuring that they are not
overpaying on their share of property taxes.

Pro Rata Share Discrepancies:

CAM audits analyze pro rata share calculations to ensure accurate distribution
of common area expenses among tenants. This scrutiny helps tenants identify any
imbalances or errors in cost allocation, leading to fairer financial
responsibility.

Base Year:

CAM audits assess base year calculations to confirm their accuracy. By verifying
that the base year is appropriately established, tenants can ensure that future
expense increases are calculated correctly, avoiding unnecessary financial
strain.

Landlord Billing Issues:

CAM audits scrutinize billing practices to identify any discrepancies or
inaccuracies in charges. This thorough examination empowers tenants to rectify
billing errors promptly and negotiate fair resolutions.

Security Deposits:

CAM audits review security deposit accounts to ensure compliance with lease
terms. Tenants can identify any discrepancies or mishandling of funds, ensuring
the appropriate return of their security deposit upon lease termination.

CAM audits offer tenants an excellent opportunity to uncover cost savings and
ensure fair and accurate expense allocations. By engaging in these audits,
tenants can proactively manage their lease expenses, identify potential errors
or overcharges, and negotiate favorable outcomes. Embracing CAM audits allows
tenants to maximize their cost savings, enhance financial predictability, and
optimize their overall leasing experience. Take control of your lease expenses
through CAM audits and reap the benefits of significant cost reductions and
improved financial performance.

Learn More about RE BackOffice’s CAM Audit Services:

 * For Landlords
 * For Tenants

Rebolease.com, powered by RE BackOffice, Inc., is a premier provider of lease
abstraction, administration, audit and accounting services. Headquartered in
Pittsburgh, PA, we are a global boutique firm, providing high-quality services
to top-tier clients across industry verticals, covering every type of lease and
on any lease platform. We are proud to be a trusted partner, for 17+ years, to
leading retailers, REITs, property owners/managers, and corporate accounts
seeking a strategic advantage. All client projects are performed in-house.

 

2425 Sidney Street,
Pittsburgh, PA 15203 USA

salesinquiry@rebolease.com

+1 412-567-0010

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WHAT WE OFFER

 * Lease Abstraction
 * Lease Administration
 * Lease Accounting
 * Additional Services

WHO WE SERVE

 * Corporate
 * Retail Multi-locations
 * Tower
 * REITs, Property Owners/Managers
 * Healthcare

COMPANY

 * About Us
 * Lease AI
 * Partners
 * Blog
 * Contact Us
 * Retail Lease Abstraction