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BASE YEAR & CAP SETUP – YEAR 2
23
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
Year 2 – Remove the dollar
CAP and add the % increase.
This will calculate the capped
% for all future years.
