Tenant CAM Services
Common Area Maintenance (CAM) refers to the expenses that a landlord incurs in connection with the common areas of a property. In the context of CAM analysis or a CAM audit, the term is used more liberally to refer to the full scope of expenses that a landlord incurs in connection with a property that is passed through to a tenant.
More often than not, tenant's audit bills have not been accurately calculated. For this reason, it makes financial sense for tenants to have their CAM audited as significant savings can be realized. LeaseProbe will perform a desktop audit and review the tenant's operating expenses, CAM, taxes and insurance. These desktop audits often uncover errors that can result in significant savings to the tenant. LeaseProbe’s team of experienced attorneys and accountants can directly negotiate with the landlord, assertively seeking the appropriate refund amount while being ever mindful of the importance of the landlord/tenant relationship.
Our CAM Methodology
When Lease Probe conducts a CAM audit, every expense that a landlord passes through to a tenant is reviewed. Included are all common area pass-through expenses such as cleaning, security, maintenance, etc, as well as general pass-through expenses such as utilities, capital expenses, real estate tax and insurance. LeaseProbe’s CAM analysis accurately quantifies the amount of money that a landlord may pass through to a tenant by thoroughly examining the six points which define reimbursement responsibility.
Identify
the landlord’s expenses for which the tenant has a reimbursement responsi- bility, through a diligent lease review.
Verify
the accuracy and appropriateness of the dollar amounts for each such expense through a careful review of the landlord’s expenses.
Ascertain
the appropriate amortization schedule for capital expenses.
Calculate
the grossed-up expense amounts where applicable.
Define
the tenant's accurate share of responsibility towards expenses (i.e. pro rata share, or other lease defined apportion)
