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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
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
Lease administration plays a key role in efficiently managing lease portfolios and driving maximum returns. However, despite the high stakes most real estate companies, struggle to streamline lease administration. As a result, even minor errors end up impacting business significantly with companies running into hundreds of thousands of dollars in loss. Financial and operational risks
To run a successful business, management needs to continually focus on maximizing sales, streamlining operations, managing employee performance, all the while ensuring cost of doing business is contained. It should not come as a surprise that often lease management therefore takes a back seat, where businesses tend to overlook expenses related to lease apart from
Managing large property portfolios entail a range of tasks that can make property management complex and tedious. Add to that, monthly property accounting and financial reporting can further compound these challenges. With so much at stake, real estate owners and property management companies are increasingly adopting outsourcing as their go-to-strategy for property accounting services to
Common area maintenance (CAM) is one of the most contentious clauses in a commercial lease contract. Tenants are mostly on guard regarding the expenses charged under CAM costs. As such the process of reconciling these expenses demand time, meticulous attention, and a thorough understanding of the clause and the type of expenses that can be
Continuing with our series of lease abstraction FAQs we have shortlisted a few more questions that can help better understand the role of lease abstraction and how it can benefit real estate players in driving business, operational, asset, and economic value. Who needs lease abstraction? If you are reading this, you probably are looking to
Common area maintenance (CAM) reconciliation is a key process in commercial leasing as it helps recover the money used to maintain and operate the property. But CAM reconciliation is a tedious, complex, arduous, and time-consuming task that demands dedicated focus, attention, and skill. Given the challenging requirements and increasingly growing complex commercial lease portfolios, most
The retail sector is facing challenges that are not just demanding but unprecedented spurred by the pandemic and its long-term impact. Amidst the volatility and uncertainty, retailers are striving hard to optimize profitability while creating value through lease restructuring and management. Given the situation, the process of lease administration has evolved from a mere support
The Covid-19 pandemic has had a disruptive impact across every industry sector but hardly in the way, it has impacted the real estate sector. The commercial leasing business especially has been severely impacted with businesses largely adopting the work-from-home approach, most commercial buildings have remained mostly unoccupied since March 2020. While the sector is starting