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
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
There is no other industry sector as dynamic as the real estate industry. It is characterized by varying risk factors and unique challenges, where industry players are continually striving to optimize profit while navigating the volatile market space. One of the key requirements of doing business effectively is to have complete operational control and process
Commercial leasing is the backbone of any business which is of course regulated by detailed contracts. Depending on the size of the firm and type of business, these lease contracts vary in type and volume cover extensive and various aspects of the contractual business engagement. Considering the dynamic and volatile nature of the commercial lease,
Whether you are looking to rent a space in a large retail space or a smaller strip mall or a building at the heart of a booming business district. Signing a commercial lease is a tedious and intimidating process, especially if it is your first time. There is a lot of information and much has
Many real estate companies are struggling to tap into newer opportunities and retain and gain market share in the face of rapidly changing industry landscape, new entrants, and intensifying competition. It is mostly because their in-house resources are swamped with performing routine administrative and property management tasks to meet the growing reporting and compliance requirements
Accounting is a critical aspect of any business. It is central to maintaining books, cash flow, supply chain, and above all keep a track of every monetary transaction and aspect. It helps businesses gain complete visibility into and maintain the financial health and plan and strategize to drive profitable outcomes. The importance of accounting is
If you have a commercial lease you are aware of common area maintenance or (CAM) expenses. This is essentially a tenant’s pro-rata share of operating expenses that the landlord incurs over the lease term in maintaining and operating the retail center or the building. CAM costs are an important part of commercial lease that allow