Question - What is CAA on a retail rent roll?
[{"id": "fahw39y", "text": "I have never seen this on a rent roll before! Is this deal in California? Maybe it\u2019s some sort of dues for the California Apartment Association (if this space is mixed use)? Again, never seen this though and that\u2019s the most expensive item on those recoveries", "replies": [{"id": "fahwhmw", "text": "No it\u2019s in Virginia and all retail.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fahwv2s", "text": "Adjustment between actual and estimated CAM expenses? Seems relatively high though. \n\nMust be related to Common Area expenses though.", "replies": [{"id": "fahxbye", "text": "I agree. I have asked for CAM rec\u2019s, which should shed some light on it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fahzddn", "text": "Condo Association?", "replies": [], "depth": 1}, {"id": "fai4q5i", "text": "Capital Asset Amortization?", "replies": [{"id": "faie5e5", "text": "you wouldn't see that on a rent roll.", "replies": [{"id": "faijrxj", "text": "You might. Our form leases allow us to pass back some capital expenses (typically for opex efficiencies, or code compliance). They are usually amortized over the useful life, payback period, or GAAP amortization plus an interest rate. This expense is way bigger than the cam, so it\u2019s got to be a major expense, and it\u2019s hitting in multiple years. \n\nThe only other thing that would make sense with that size of an expense is if this is a single building in a larger campus. The CAM is the building specific charge and, the CAA is their share of the campus \u201cCommon Area Assessment/Allocation\u201d or similar. I don\u2019t think that\u2019s it though because they already have the future periods showing so it looks like a defined amount.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fai97ka", "text": "Look at your lease agreement.", "replies": [], "depth": 1}, {"id": "faibash", "text": "Lol that is so annoying. I have never seen that in 4+ years", "replies": [], "depth": 1}, {"id": "fairsb5", "text": "Common Area Assessment.  It's the CAM portion of rent, my guess.", "replies": [], "depth": 1}, {"id": "faite0h", "text": "Condo Association Assessment most likely. The retail units are in a condominium ownership structure, and a special assessment has been determined for each unit for an unexpected expense or to rebuild capital reserves-a VA property manager.", "replies": [], "depth": 1}, {"id": "fal908p", "text": "They may split cam into 2 categories - common area maintenance and common area administrative. Just guessing though lol", "replies": [], "depth": 1}, {"id": "falsytp", "text": "It looks like the common expenses are being broken down into two categories: CAM, or common area maintenance, is the most common known expense category. The second category is \u201call other\u201d aka both your portion of fixed (taxes, insurance) as well as non-fixed (utilities, janitorial, etc) expenses. These are typical line items you see in a lease where expenses are run through the landlord.", "replies": [], "depth": 1}]