Cirrus' Active Lease Management Program (CALM)

How well are you monitoring your Lease? Are you aware of the critical dates for renewals, expirations and rent increases? Do you have difficulty understanding the Additional Rent provisions in your lease?

Today’s reality is that the demands of running a practice often cause you to overlook one of the most important aspects of your business – your lease. Missing a key date, such as an Option to Renew can be detrimental to your future success.

The majority of tenants rely on their landlords’ calculations and interpretations when it comes to additional rent provisions in the lease. Are landlords always right or are you exposing yourself to significant overcharges?

Cirrus Tenant Lease Services has developed a program exclusively for you. CALM (Cirrus Active Lease Management) is designed to specifically address the needs of tenants, to minimize risk and exposure and reduce occupancy expenses for tenants.p>

The main components to our service:

Critical Date Tracking

Cirrus will track and notify you well in advance of all key dates including Term Expiry, when to exercise your Tenant Renewal/Extension Options, Rent Increases and any other date sensitive components of your lease..

Documentation Back-Up

We will electronically store all of your key lease documents, amending agreements, office insurance policies and correspondence. Never again will you have to worry about finding important documents or correspondence pertaining to your office lease.

Operating Expense/Tax Reconciliation

Each year most tenants receive billing statements from their landlord and rent increases without sufficient detail to confirm their viability under the lease. As part of the CALM program, we will review all such charges, confirm their accuracy against your lease agreement and check the landlord’s calculations on CPI increases and/or proportionate share calculations.

Our thorough desk audits of Common Area Maintenance and Operating Expense reconciliations will ensure that all calculations and charges are accurate and in accordance with the terms of your lease. Upon the finding of any suspicious landlord charge we will pursue the landlord for proper back-up and proof of such charges.

Ready Support From the Experts

Throughout your tenancy, you will receive numerous requests from your landlord which you will likely not completely comprehend (i.e. Estoppel Certificates). You may have requests of your own like maintenance issues or parking problems. Whenever you have a question regarding any landlord correspondence, or any complaints on your behalf that could be covered under the lease, you will have an expert on your side to advise you.

Why you should sign up:

• Gain peace of mind knowing that when you have to deal with your landlord, you will have proper and professional back-up.
• Focus on your core business without having to worry about dealing with tenancy issues.
• You’ll know more about and have more control over one of your primary assets – your office lease.