CAM Charge Profile
Fields
See Commercial How To document 353
The CAM (Common Area Maintenance) allows you to pass through to the tenant a percentage of overhead charges incurred by the property. You can enter as many CAM charges as you want, and each can use a different charge ID and a different percentage.
The CAM amount is arrived at in the following way:
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A percent of the Source Amount is calculated using the % in the CAM profile.
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Any amount entered in the Stop field is subtracted from this figure
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If that amount exceeds the Cap the amount is reduced to the Cap figure
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For example:
You receive bills over the course of 3 months for $3217.32 for roofing which is to be passed on to the tenants. Invoices were paid out of the owner’s ledger.
CAM Profile
CAM % - 2.5
Stop - 10
Cap - 50
Schedule - Quarterly
Charge ID - CAM
Account List - contains the account Roofing
Scheduled Charges, CAM calculations
Source Amount - 3217.32
total of Roofing account in owner’s ledger for past 3 months
CAM % - 2.5
Pro-rated Share - 80.433
formula: Source Amount x CAM %
calculations: 2.5% x 3217.32
Stop - 10
Cap - 50
Charge Amount - 70.4333
formula: pro-rated share - Stop
calculations: 80.4333 - 10
Cap - 50
Net Charge - 50
Charge Amount is more than Cap, so Cap will be charged
A CAM charge is posted to the tenant for $50 and the Next Scheduled date in the CAM profile is advanced 3 months.
Reconcile
If you clicked Reconcile in the CAM profile and you have charged the tenant $20 over the past three months either through the Estimated Charges function or the Charge Tenant and marked it an estimated charge, then:
Reconciled - 20
Total Charge - 30
50 - 20
A CAM charge is posted to the tenant for $30 and the Next Scheduled date in the CAM profile is advanced 3 months.
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