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CAM Reconciliation Part I: Introduction to the Process of Reconciling and Billing CAM 2022

Member price:

$59.00

Your price:

$ 99.00

01/20/2022

11 am PT / 12 pm MT / 1 pm CT / 2 pm ET
*approximate length: 45 minutes to 1 hour

Presenter: Jeff Lapin, CPM®

In this introductory webinar, part one of a three part series, CAM (Common Area Maintenance) expert Jeffrey Lapin, CPM®, will explain in layman’s terms how this process works, the basic steps involved in setting up the model to calculate each tenant’s share, and why this process is not scary if you simply break it down into a series of logical steps.

This will be an introduction to the theory and process of reconciling commercial tenant’s common area maintenance charges. For those new to the process or who just need a refresher on the how, why and when of this process, this webinar is for you. Almost all commercial leases (especially office and retail leases) have provisions allowing the landlord to pass through to the tenants, a share of property operating expenses including taxes, insurance, utilities and maintenance.

Learning Objectives:

  • Gain insight of the theory and process of operating expense pass through to tenants
  • Understand the language in leases that pertains to the landlord’s right to charge and the tenant’s obligation to pay a share of property operating expenses including the base year/comparison year concept for office tenants
  • Get a view of the Excel CAM model that Jeff has used to calculate and reconcile CAM’s
  • Prepare for Part II in the series in which we will do a deep dive into the actual step-by-step process of CAM reconciliation

Jeff Lapin Jeffrey Lapin, CPM® is an expert in commercial real estate management and operation including standards of practice, policies and procedures for maintenance, property management, risk management and financial operation with over 35 years of hands-on operations knowledge and experience. He has an MBA from Pepperdine University in Malibu, California.

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