Great video and accurate. Would you be able to do a video on gross up CAM? I see it more on office leases. For example, grossing up to 95% when occupancy is below 95%?
Great video and very informative. What if the property has been sold and the new owners insurance expense is less than the base year. Does that mean the new owners must reimburse the tenant it’s pro-rata share of the difference? Thank you!
Hi Kate, good question and no, the owner wouldn't owe the tenant the difference. In cases where the expense is less than the base year amount, the tenant reimbursement amount would just be $0.
@@BreakIntoCRE Thank you for your reply. As I understand this would be a general standard/rule. Please, will you be able to point me in the direction when I can find this as a written policy? This would be so helpful. Thank you very much in advance!
