Start with the right documents
Put the signed lease, amendments, annual reconciliation, and any prior-year statements together before reviewing amounts.
Tenant-side review guide
Review the CAM bill with a plan.
An annual reconciliation can be hard to read on its own. Use this eight-point checklist to compare it with your lease, identify questions, and gather the records needed to verify charges.
A question to check is not a verified overcharge. Your lease and supporting records control.
The review in three moves
01
Compare
Read the statement beside the signed lease.
02
Clarify
Mark calculations and categories you cannot confirm.
03
Request
Ask for the billing detail and check your notice deadline.
Your annual bill, clearer next steps
Got your annual CAM or NNN statement?
Bring your signed lease and the landlord's annual statement. See the lease terms and initial billing questions before deciding whether to buy a full report.
Start free · No credit card for the preview · You can begin with the lease alone.
Bring these two PDFs
1. Signed lease with amendments, as a text-readable PDF.
2. Annual CAM or NNN statement from your landlord. Add it with the lease or on the preview page.
Free preview
See extracted lease terms and initial statement checks when you provide the bill.
$49.99 once, if useful
Get page-referenced questions, conditional calculations, a records checklist, and a PDF to keep.
A flagged charge is a question to verify against invoices and other source records, not a confirmed refund.
Eight points to review
Your CAM reconciliation checklist.
Work through these in order. You may need the landlord's invoices, ledgers, or area schedules to answer some of them. Read more about how a CAM reconciliation works if the statement is unfamiliar.
Check your tenant share
Compare the stated pro rata percentage, your premises area, and the building or pool denominator with the lease and area schedules.
Review allowed categories
Match each billed expense group to the CAM definition and exclusions in your agreement.
Inspect fees and markups
Look at administrative and management fees, their calculation base, and any negotiated limits.
Question capital work
Identify large replacements or improvements and check how your lease treats capital costs and amortization.
Test caps and gross-ups
Compare controllable-expense caps, vacancy adjustments, and other calculation rules with the statement.
Compare years and estimates
Review year-over-year changes, prior estimates, credits, and the final amount due or refundable.
Find the review deadline
Read your lease's notice, records-access, and audit provisions, then note the dates that apply to this statement.
Turn questions into next steps
What if something does not add up?
A changed tenant share, a large capital item, or a new fee is a reason to ask for detail. It is not proof of an error by itself. Compare the charge with your lease and request the records behind the calculation.
See common reconciliation questions ↗Records worth requesting
- ✓ Category ledger and supporting invoices
- ✓ Rentable-area and tenant-share schedules
- ✓ Fee calculations and any cap or gross-up worksheet
- ✓ Prior-year statement and estimate history
Ask for the records your lease entitles you to inspect and keep a copy of your request.
A deadline worth finding
Check your lease's review window.
Your agreement may set notice, records-access, or audit deadlines tied to receiving the reconciliation. Find the actual dates in your lease rather than assuming a standard window applies.
Free tenant field guide
Want a worksheet you can keep?
The eight-page Tenant-First CAM Audit Checklist has 25 practical checks, a working worksheet, and a records request draft.
Your next step
See the terms in your own lease.
Start with a free lease preview. Add an annual statement if you have one and review the initial checks before deciding whether a full report is useful.