Base Year

When renewing your lease, establish a new base year for common area operating expenses (CAM) and real estate tax recoveries. 

Did you know some groups hold classes to teach landlords how to turn CAM into a profit center?  Fight back.  Negotiate an updated CAM base year.  Thoroughly document the base year components to avoid misinterpretation in the future.

Details count.  Each expense missing from the base year will be billed annually as a CAM escalation.  Savvy negotiating and good documentation will lower CAM costs and make CFOs smile.