Event Calendar

Tuesday, January 19, 2021

2021Panel Discussion - COVID Wreaks Havoc on CAM Recs

Date(s): January 19, 2021

Time: 1:00 PM  EST - 2:30 PM  EST

Our Mission: It is the mission of BOMA Raleigh-Durham to enhance the level of professionalism and ethics in the commercial real estate industry and to support its members through education, advocacy, and the development of strategic relationships.
 
Location: ZOOM | January 19, 2021 1:00pm to 2:30pm Eastern Standard Time
 
Moderator: Judith A. Purviance-Anderson, RPA  BOMA Fellow, Associate Director, Asset Services, Cushman and Wakefield
 
Panelists:
              Shelby Christensen, LEED Green Associate
              MOB: Mark Dukes, BOMA Fellow, CCIM, RPA, VP Asset Management, Physicians Realty Trust
              Beck Hanner, BOMA Fellow, Commercial Asset Services
John Logan, Esq, Partner, Laff, Gordon, Bennett, Logan, PC
 
Agenda
Tenant Liability in Normal Times

  • Net vs. Gross (and Modified Gross) Leases
  • Allocation of Risk
  • Consistency of the Base Year with Operating Years
 
 
Gross-Ups
 
  • Fairness of Grossing Up
  • Grossing Up Without Lease Language
  • What Does Fully “Occupied” Mean?
  • 95% vs 100% Occupancy
 
 
COVID-19 and Other Impacts on Charges
 
  • Reduced Base Building Janitorial for Unoccupied Areas
  • Reduced R&M
  • Increased Cleaning/Disinfecting of Public Areas
  • Added/Changed Security
  • Costs of Temporary Coverings and Modifications
 
Other Issues
 
  • Estimated CAM/Operating Expenses
    1. 2021 and Future Years
  • Budgeting 2021 Charges
  • Impact on Expense Caps
 




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