2022 CAM Budgets Exceeding Inflationary Pressure and Deserve a Closer Look
At NLA, we do not think the pandemic is an excuse to lose control of expenses. Property managers owe it to their tenants to control the year-over-year costs.
Leasing Tips: It’s Time for 2022…Base Years
As we enter the final stretch of 2021, we want to remind tenants and their brokers to push for a 2022 Base Year on new leases and extensions. As lease administrators and tenant advocates, it can be frustrating to see a client commit to a new or extended term that...
Leasing Tips: Avoiding Surprise Capital Expenses
As advocates for tenants, one of the most frustrating observations the lease administration and lease audit team at National Lease Advisors makes is landlords taking advantage of loose lease provisions to pass through excessive capital expenses. The debate between...
Commercial Real Estate Insider: Tenants Seeing Success Challenging 2021 CAM Budget Increases
With 2021 around the corner, commercial property owners have begun sending tenants updated operating expense charges for the new year (“CAM charges”). What many tenants are finding very surprising is that in a time when they need to cut back on expenses...
Share This With Your Property Manager and Get Your 2021 Budget Right
Under normal circumstances, a 2-4% increase in operating expenses could be expected. However, in our current COVID-19 environment where businesses are struggling to control costs, properties should be looking to keep CAM budgets flat for the upcoming year.