Actual cost categories
Locate the property costs included in the CAM pool and the period covered.
Check: Category ledger · invoices
Annual CAM statement
Read the true-up line by line.
A CAM reconciliation compares a tenant's allocated share of actual annual costs with estimated payments already made. The resulting balance is arithmetic; the underlying costs still need document support.
At a glance
01
Actual cost categories
Locate the property costs included in the CAM pool and the period covered.
02
Tenant share
Find the percentage or other allocation applied to the cost pool.
03
Fees and adjustments
Identify added administration fees, caps, prior-year adjustments, and credits.
The signed lease, annual statement, and available records determine what can be verified.
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.
A practical review
Four lines to find on a reconciliation.
Statement layouts vary, but these inputs explain how a year-end balance is usually assembled.
Tenant share
Find the percentage or other allocation applied to the cost pool.
Check: Lease share clause · area schedule
Fees and adjustments
Identify added administration fees, caps, prior-year adjustments, and credits.
Check: Fee worksheet · cap calculation
Estimates paid
Compare statement credits with payments actually made during the year.
Check: Payment ledger · invoices
An illustrative example
The balance is a subtraction, not a finding.
If a tenant's allocated annual share is $30,000 and $27,000 in estimates is credited, the arithmetic true-up is $3,000. That alone says nothing about whether the $30,000 cost basis is permitted.
Fictional numbers. A calculated balance is not proof of an overcharge or refund.
Illustrative review worksheet
Allocated annual share
$30,000 in this fictional example
Less estimates credited
$27,000
Statement balance
$3,000 due by arithmetic
Still to verify
Expense categories, share, fees, and payment credits.
Go one step deeper
Use a checklist to review the source documents.
Mark each statement line and the lease clause or record needed to verify it.
Related guides
Keep the document trail together.
CAM reconciliation
Read the full annual process.
Read the guide ↗CAM fee calculator
Work through an illustrative true-up.
Read the guide ↗Possible discrepancy
Build a document-backed question.
Read the guide ↗Common questions
What the documents can tell you.
What is a CAM true-up?
It is the difference between the tenant's allocated actual annual charges and estimated payments or credits shown for that period.
Should I pay a balance before asking questions?
Check your lease's payment and dispute provisions and seek qualified advice if the timing or consequences are uncertain.
Does a flagged item prove an overcharge?
No. It is a question to verify against the signed lease, the annual statement, and supporting records. A charge can be valid even when it warrants review.
Is there a standard audit deadline?
No. Read the signed lease and amendments for the trigger, period, required action, recipient, and delivery method. Different review steps may have different rules.
Your next step
Start with your own lease language.
Upload a readable signed lease for a free preview. Add an annual CAM or NNN statement if you have one, then decide whether a full report would help organize your questions.