Financial interactions

Commercial real estate, retail, office park, multifamily, residential, flex space, and other building types typically will have a building owner/operator and tenant/renter relationship that requires financial transactions to occur. In some cases, it is a simple, single, all-inclusive monthly agreed amount to be paid by a certain date. More often, there are several components that comprise the monthly amount to be paid, with some fixed items and some variable items tied to usage.

This list may include a base rent or lease amount, utilities, parking, point-of-sales amounts for in-building purchases, amenity services, homeowners’ association fees, tenant improvements, fees for common area use and maintenance, storage and delivery fees, and large-scale building repairs or purchases.

Building operators implement comprehensive solutions to manage all aspects of their interactions with tenants, guests, and potential tenants. Vacancy management, rent payments...