The accounting department is an integral part of the management team: collecting rent income and paying service bills in a timely manner, reporting to our investors, and much more.
Rent Payment Procedures. Please keep in mind that your rent is due on the first day of every month. Inquiries regarding your account may be made to our Property Management Office by calling 202.594.3890.
All payments should be made payable and sent to the following address:
CLPF CC Pavilion LP
P.O. Pox 30315
New York, NY 10087-0315
If you would prefer to electronically process this payment, please contact the Property Management Office and we will be happy to assist you in providing specific instructions.
Estimated Annual Rent Increases
In the fourth quarter of each year, after completing our operating plan for the upcoming year, our Property Management Office will forward information to your organization regarding your annual rent to become effective on January 1 of the upcoming year. As we prepare the annual operating plan, we consider the Washington Metropolitan market place and the building’s position within it, the general building conditions, as well as the overall satisfaction of our Clients. We make every effort to keep expenses as low as possible while maintaining quality building services.
Depending upon the terms of your Lease, your rent will be based upon our estimate of your pro rata share of the increases in real estate taxes, operating expenses and/or a predetermined percentage increase amount. For additional information regarding these calculations, please contact our Property Management Office at 202.594.3890.
We understand that many organizations begin their annual budget preparations and require this information prior to the fourth quarter. If so, you can contact our Property Management Office at 202.594.3890. They will be happy to assist you.
In the first quarter of each year, our Property Management Office forwards information, also known as a settlement, regarding expenses from the previous calendar year and its impact on your rental amount. We put forth every effort to maintain expenses within the year’s budget to avoid any further charges to you. Fortunately, in some cases with these efforts, expenses may be less than expected and you may receive a refund.
This settlement will be based upon your pro rata share of the actual increases in real estate taxes and operating expenses for the prior year.
It is our objective to minimize annual rent settlements. Our professional staff is very conscientious in trying to provide estimates close to actual expenses. Rent increase letters will be mailed in the fourth quarter of each year.
Other Charges
From time to time you may receive invoices for additional services such as afterhours heating and air conditioning or additional work provided in your space. Assistance in processing these invoices for payment within thirty days is greatly appreciated.
If you have any questions regarding an invoice or believe there is an error on an invoice, please contact any member of our Property Management Office at 202.594.3890
As you know, there are specifics that are outlined in your lease regarding the financial aspects of your tenancy. We invite you to review these and call one of these professionals if you have any questions. They will be happy to assist you.
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