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BASE YEAR & CAP SETUP
8
2020 CAM Reconciliation Example:
• CAP on Controllable Expenses ($1.20 psf for 1
st
Full Year ($54,000), then 5% Capped increases over prior
year paid)
• Base Year for Tax Expense is 2019 (Tenant Share $50,000), pay increases over Base Year starting 2020
Represents Center Base Amount
(Calculated as Tenant's Base Year
Amount divided by pro rata
share percentage)
Represents the percentage
Tenant will pay of the
increase amount over the
Base Year
