CAM/TAX YE RECONCILIATIONS

CAM/Tax YE Reconciliation is a process in which landlord will perform during the year end to recover the CAM/Tax expenses from the tenant based on the actual costs incurred by landlord by pro rata basis. Also known as true-ups and bill backs, CAM Recoveries are the annual reconciliation of the actual Common Area Maintenance Charges for a fiscal year versus the monthly charges billed to the tenant.

CAM/Tax YE Reconciliations in Integrand Analytics
Integrand Analytics will perform the CAM/Tax YE Reconciliations based on the Client provided previous year YE Reconciliation Spreadsheet, GL Expenses, CAP Information, lease documents and other financial related documents.

We will create CAM/Tax YE Reconciliations Spreadsheet and capture discrepancy if we come up with difference in previous YE Reconciliation Spreadsheet and lease documents.

We will summarize the CAM/Tax YE Reconciliations based on property wise.

Process Flow for CAM/Tax YE Reconciliations

Below are the key steps for proceed with the CAM/Tax YE Reconciliations in Integrand Analytics.

  • Input provided by client based on previous year CAM/Tax YE Reconciliation Spreadsheet, source documents, rent roll, GL Expenses and other related documents.
  • Validating the previous year YE Reconciliation Spreadsheet, source documents, rent roll, GL Expenses and prepares the assignment tracker.
  • If we need additional documents, then we need to raise the query to client.
  • Once clarified by client, then we will start the YE Reconciliation process by our analyst level.
  • Once first level audit completed, our senior level will do the review process.
  • Once review completed, our team lead level FTE will do the QC and delivered to the client.
  • . If we have received any update or feedback from client, then we will need update the leases and re-deliver to the client.

For information on other Lease Administraction related services, please click on individual description of the services.

LEASE AUDIT
CAM AUDIT
CAM/TAX YE RECONCILIATIONS
Recovery Set-Up

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