Commercial Tenant Solutions: Your Go-To for TMI CAM Reconciliation Issues
We specialize in tenant representation, focusing on expertise in commercial TMI/CAM reconciliation.
PAYING TOO MUCH TMI/CAM ?
KNOW YOUR RIGHTS AS A TENANT! At Commercial Tenant Solutions, we specialize in tenant representation, focusing on commercial lease negotiation to analyze the legitimacy of the Landlord's annual TMI/CAM reconciliation calculations based on your lease and standard accounting practices. This often results in differences that favor you, the tenant, where the Landlord may offer free rent and/or payments to settle these TMI solutions.
We specialize in resolving TMI/CAM issues, often resulting in the landlord offering you the tenant free rent or money
TMI/CAM Reconciliation
Often, tenants feel that their landlords are charging excessive amounts for TMI/CAM, and they may not know how to substantiate their claims. With our expert tenant representation, you will be equipped to negotiate better terms during your commercial lease negotiations and effectively demonstrate the need for TMI solutions. Let us help you recover what you are owed from last year or previous years and save you money.
Frequently Asked Questions
We are an independent consulting firm who were property managers for over 15 years of experience in the industrial/commercial market. We have dealt with annual reconciliation for many tenants over many years and have seen Landlords take advantage of tenants who are either too cautious to question the Landlord's reconciliation or have no idea that they can dispute the calculations. Often, the Landlord realizes they do owe the tenant money but just carries these amounts over from year to year within their accounting books. We knew that the tenants are not represented in these matters, and there was much demand for this service.
After we analyze the annual reconciliation, we will act as a 3rd party to approach your landlord with our findings. Justifying the overpayment of TMI/CAM and recommend (with your permission) solution to these discrepancies. Usually, it will be returned to you the tenant, from the landlord as free rent or a payment as a lump sum or partial payments over a specified number of months.
We assess the calculations found in your annual reconciliation report from your landlord, and if we find your landlord overcharged you for TMI/CAM we will take your case. Our fee is 10% on whatever the amount is that you, the tenant, will receive as a credit/refund from the Landlord. Please remember, we don't get paid until you get paid.
Usually, the maintenance (operation) costs are either incorrectly allocated to you, the tenant, when they should be capital costs (absorbed by the landlord), or inflated invoices that do not make sense for the type of work completed, or costs that only apply to a specific unit in the building that has nothing to do with your rental unit, or it is not a common area cost but is calculated as one within the reconciliation. There are others but those are most common.
Firstly, we will review your lease terms when it comes to the 'operating costs' terms and conditions. Review the reconciliation documents and the related invoices. We will take your percentage of the building you occupy, review the physical building to see what was worked on vs. what was actually done. We will question the validity of each transaction and, where applicable, determine whether it is justified or not as a cost. Then explain any conflict to you and the landlord (with your permission) and thusly come to a resolution to deal with these differences, usually as free rent or landlord payment to you the tenant.
Please contact us at - information@commercialtenantsolutions.ca
NO QUESTION IS TOO LITTLE: CONTACT US ANYTIME for expert assistance in commercial lease negotiation, tenant representation, and TMI solutions.
Commercial Tenant Solutions
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