Review of the Lease Abstract and Rent Rolls for:
Compute Expenses Pools
Creation of expense pools of recoverable expenses based on the above information.
Gross-Up Multiplier Calculation
Calculation of Gross-Up Multipliers to adjust for grossed-up occupancy and suitably adjusting the expenses.
CAM Expense CAPS/Floors tenant wise Summary
Summarizing CAM expense caps and CAM expense floors tenant-wise.
Applicable Period for each Tenant
Review of the move-in and move-out dates to make adjustments for tenants who haven’t occupied full year.
Applicable Space Calculation for each Tenant
Review expansion/contraction/shifting of tenants to arrive at allocated area and corresponding period for each area.
Finalize Pro-rata Shares based on effective leased areas.
Scrutinize expense GL’s to ensure proper coding of expenses (only in CAM Audit/Detailed CAM Reconciliation service).
Analyze prepaid accounts for any unamortized expenses that should will affect expense pool.
Review of capital expense and amortizations if leases allow for pass-through of certain capital expenses.
Calculate Expense Recoveries
Finalize expense pools and calculate expense recoveries based on the above parameters.