What findings did CAMAudit surface in the Retail tenant at Clarendon Center case?

CAMAudit flagged 5 findings with an apparent overcharge of $38,546. Each finding cites the specific detection rule, dollar amount, and the lease provision that grounds the dispute.

Can my firm reproduce these findings on a live client engagement?

Yes. CAMAudit applies the same CAM forensic detection rules to any lease and reconciliation your firm uploads. Partner firms receive findings in under 15 minutes and white-label branded report delivery for each completed audit.

Is Mixed-use retail and office a common property type for CAM audit engagements?

CAMAudit handles all commercial property types: retail, office, industrial, mixed-use, and specialty. The detection rules apply wherever a tenant pays CAM or operating expenses under a lease with specific definitions, caps, or exclusion lists.

What is a correction package and does CAMAudit generate one?

A correction draft is a factual starting point that specifies each overcharge by rule, dollar amount, and lease provision. CAMAudit generates a draft grounded in the specific audit findings for advisor and counsel review.

Public-record case study

Clarendon Center: capital project pass-through case study

Name: Clarendon Center: capital project pass-through case study structured case-study facts
Creator: CAMAudit
Published: 2026-03-13

A public-record mixed-use lease case study showing $42,875 in apparent overcharges from lobby renovation soft costs and landlord overhead.

Retail tenant at Clarendon Center2022 statementNNN leaseMixed-use retail and office

Lobby renovation architectural and design fees totaled $458,500 building-wide.

Construction permit and inspection fees totaled $48,500 building-wide.

A renovation financing interest reserve added another $125,000 building-wide.

Off-site asset management fee of $40,000 building-wide was flagged as landlord overhead.

The pipeline flagged $42,875 in apparent overcharges across 5 findings.

What happened

A retail tenant at Saul Holdings' Clarendon Center received a 2022 reconciliation that pushed capital-project soft costs into CAM. The lease excludes capital work, related design and permit fees, and financing costs, yet the statement still passed through lobby renovation architecture fees, permit expenses, a financing reserve, and two separate overhead allocations including an off-site asset management fee.

Findings from the pipeline

Rule 13: Landlord Overhead Pass-Through

high confidence

$8,686

'Executive Salary Allocation - Regional VP Operations' is classified as landlord overhead, corporate costs such as executive salaries, off-site accounting, and corporate insurance are generally not recoverable from tenants. [scaled to tenant share: 5.9900%]

Statement references

Executive Salary Allocation - Regional VP Operations

Rule 13: Landlord Overhead Pass-Through

high confidence

$2,396

'Off-Site Asset Management Fee' is classified as landlord overhead, corporate costs such as executive salaries, off-site accounting, and corporate insurance are generally not recoverable from tenants. [scaled to tenant share: 5.9900%]

Statement references

Off-Site Asset Management Fee

Rule 2: Excluded Service Charges

high confidence

$17,072

'Lobby Renovation - Architectural & Design Fees (CapEx)' is classified as capex and falls within the capital expense pool excluded by the lease. [scaled to tenant share: 5.9900%]

Lease evidence

Operating Expenses shall exclude the following cost pools: capital.

EXCLUSIONS FROM OPERATING EXPENSES

Statement references

Lobby Renovation - Architectural & Design Fees (CapEx)

Rule 2: Excluded Service Charges

high confidence

$2,905

'Construction Permit & Inspection Fees (CapEx)' is classified as capex and falls within the capital expense pool excluded by the lease. [scaled to tenant share: 5.9900%]

Lease evidence

Operating Expenses shall exclude the following cost pools: capital.

EXCLUSIONS FROM OPERATING EXPENSES

Statement references

Construction Permit & Inspection Fees (CapEx)

Rule 2: Excluded Service Charges

high confidence

$7,488

'Renovation Financing Interest Reserve (CapEx)' is classified as capex and falls within the capital expense pool excluded by the lease. [scaled to tenant share: 5.9900%]

Lease evidence

Operating Expenses shall exclude the following cost pools: capital.

EXCLUSIONS FROM OPERATING EXPENSES

Statement references

Renovation Financing Interest Reserve (CapEx)

Lease evidence

Operating Expenses exclude capital expense pools.
Architectural, engineering, and permit fees tied to capital work are excluded.
Financing costs and interest reserves related to capital projects are excluded.
Tenant pro-rata share used in the statement was 5.99%.

Why this matters for your firm

Capital projects rarely appear in CAM as one obvious roof-replacement line. More often they show up as soft costs around the project: design fees, permit costs, and financing reserves. If the lease excludes capital work, those related categories usually fall with it. That is where a lot of expensive pass-throughs hide.

Correction package excerpt

Request for Review - 2022 CAM Reconciliation Statement at Clarendon Center. The review flagged about $42,875 in lobby renovation soft costs and landlord overhead allocations.

Lease language

Capital expenditures in CAM charges

Industry guide

Retail CAM overcharges guide

Detection guide

Excluded service charge guide

Frequently Asked Questions

Run these same detection rules on your client engagements

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Public-record note

This page summarizes public-record documents and CAMAudit output for educational and marketing purposes. It does not imply endorsement by Retail tenant at Clarendon Center or any third party. Readers should review the underlying lease, statement, and dispute timeline for their own facts.