Property Management
An Oklahoma property manager of a commercial strip mall must ensure that:
AAll tenants pay identical rent regardless of space size
BCommon area maintenance (CAM) charges are allocated fairly among tenants per their lease provisions, with accurate records of expenses and proper reconciliation✓ Correct
CTenants pay only base rent with no additional charges
DThe property manager receives a portion of all tenant sales
Explanation
Proper CAM reconciliation is a critical property management function. NNN leases require accurate expense tracking, fair allocation among tenants per their pro-rata share, and annual reconciliation to ensure tenants paid the correct amount. Errors can lead to tenant disputes and lease violations.
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