CAM Cost - Estimated

The application calculates estimated CAM costs for a lease using the calculation method and frequency specified in the lease's CAM Profile.The application records the calculated costs as recurring costs using the ‘RENT – CAM ESTIMATE’ cost category, marking these costs as CAM. The lease cost administrator can schedule and approve these costs after reviewing them and making any adjustments determined by lease negotiations. Once an estimated cost record is approved, the application uses it in the summary of estimated costs shown in the Lease CAM Reconciliation report for a particular lease and year.