Regency Pembroke Pines FL: CAM cap breach 5% NON_CUMULATIVE case study
A public-record retail CAM case study showing $11,250 in CAM overcharges: landlord billed $108,900 against a $97,650 cap (5% over prior year $93,000).
What happened
The lease at Regency Centers Pembroke Pines set a 5% annual CAM cap. Prior year CAM was $93,000, capping 2022 at $97,650. The reconciliation billed $108,900, which is 17% above the prior year, far exceeding the 5% contractual ceiling.
Findings from the pipeline
Rule 6: CAM Cap Violation
high confidence
$11,250
CAM billed ($108,900.00) exceeds the 5.0% NON_CUMULATIVE cap. Max allowed: $97,650.00 (prior year $93,000.00). Overcharge: $11,250.00.
Lease evidence
CAM charges in any Lease Year shall not exceed the prior Lease Year's CAM charges by more than five percent (5%). Section 7.1(c).
Section 7.1(c), page 13
Math proof
prior_year_billed=93000.00, cap_rate=0.05, max_allowed=97650.00, billed=108900.00, overcharge=11250.00
Lease evidence
- 5% annual NON_CUMULATIVE CAM cap (Section 7.1(c)).
Why this matters
Florida retail leases frequently include annual CAM caps, but landlords operating large portfolios sometimes apply portfolio-wide cost increases without checking individual lease cap provisions. The result is systematic overcharges across multiple tenants in the same center.
Dispute letter draft excerpt
Request for Cooperative Review of Certain Line Items. The automated review flagged a CAM cap breach of $11,250.00 for the 2022 reconciliation year.
Related Resources
Frequently Asked Questions
Check your own CAM statement against the lease
Upload your lease and reconciliation. CAMAudit applies the same rule set used in this public-record case study. Most audits complete in under 15 minutes.
Public-record note
This page summarizes public-record documents and CAMAudit output for educational and marketing purposes. It does not imply endorsement by CVS, Target, or any third party. Readers should review the underlying lease, statement, and dispute timeline for their own facts.
Need to extract lease terms before your audit?
A CAM audit is only as accurate as your lease data. lextract.io extracts 126 structured fields from any commercial lease PDF: CAM definitions, pro-rata share, caps, base year, and audit rights. So you have the exact terms your landlord is supposed to follow.
Go to lextract.io