Operating expense adjustments by the landlord is source of confusion and frequent disagreements between landlords and tenants. The lease outlines who is responsible for paying certain expenses, who bares the expense (tenant or landlord) further requiring the expenses be adjusted to reflect 95% occupancy.
Escalations or additional rent paid by tenants can represent 10% to 20% of portfolio revenue which increases building value.
Most commercial tenants are routinely overcharged by their landlords due to errors. But if you are a tenant in an office building, industrial building, or strip shopping center that is being overcharged, how could you know? You’d call us at Dalmont Cantwell Partners. We find lease errors and recover your losses.
We will give you answers to your specific question, are your lease CAM charges correct?
With complete professionalism, tact, and accuracy, we will perform the following services, without charge. If lease errors are discovered, we will point them out to your landlord, and seek correction and compensation. Our fee will be 50% of the dollar amount of the recovery. if we discover no errors, we will charge you no fee.
We examine your lease and any associated documents to evaluate any possible discrepancies.
We provide a breakdown of any discrepancies between your leased premises and your leasing documents.
We provide an accounting of monies you have overpaid, and of projected recoveries to which you are entitled.
We represent in rectifying errors and recovering losses.
Won’t my Landlord Be Upset?
Even though you are the “customer,” there is no point unnecessarily jeopardizing your relationship with your landlord. We clearly understand this, and delicately handle all negotiations on your behalf, calling upon staff of commercial lease experts–including legal representation, which is rarely necessary.
Through the years, most lease errors uncovered have been unintentional, and the landlords involved were usually far more embarrassed than upset. Most have been glad to have the matter corrected.
Besides, the discovery of an error in your lease will give your landlord a strong reason to settle the matter quietly and quickly, lest dozens (or hundreds) of other tenants–who probably share the discrepancy–find out.