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Recovery of past CAM overcharges depends on your specific lease terms, including any audit rights deadlines or ‘binding and conclusive’ provisions, and on applicable state law.

State statute of limitations periods apply to written contracts and range from 3 to 10 years. Your actual lookback window may be shorter based on your lease.

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How to Read a CAM Reconciliation Statement

Angel Campa, FounderCAMAudit
Last updated: April 2026

A CAM reconciliation statement compares what you paid in monthly estimates throughout the year against what the landlord claims was actually spent on operating expenses. If estimates exceeded actuals, you get a credit; if actuals exceeded estimates, you owe a true-up. Reading the statement critically means checking whether the actuals are correctly calculated under your lease, which is where errors accumulate.

TL;DR

The 30 to 60 minutes spent reviewing a reconciliation before payment can recover more than that investment if even one billing error is present.

Who this is for

Commercial tenants who received their first annual CAM reconciliation or who want a structured approach to reviewing future statements before paying any true-up.

Who this is not for

Tenants on a fixed CAM arrangement where no annual reconciliation is required and charges do not fluctuate based on actual expenses.

What CAMAudit Checks in This Scenario

Rule 1

Gross Lease Charges

Flags charges inappropriate for your lease type.

Rule 2

Excluded Service Charges

Cross-references your exclusion list.

Rule 3

Management Fee Overcharge

Verifies the fee percentage.

Rule 4

Pro-Rata Share Error

Recalculates your share from lease terms.

Rule 5

Gross-Up Violation

Checks occupancy-level application.

Rule 6

CAM Cap Violation

Validates cap compliance.

Rule 12

Common Area Misclassification

Flags capital and excluded expenses.

What to Do Next

  1. 1Locate the reconciliation period, your leased square footage, the total CAM pool amount, and your pro-rata share percentage.
  2. 2Compare the total operating expenses in the reconciliation to the prior year to identify any large year-over-year changes.
  3. 3Verify the management fee line item and confirm the percentage matches your lease cap.
  4. 4Check whether any line items appear to be capital projects rather than routine operating expenses.
  5. 5Upload the full reconciliation and your lease to CAMAudit to run all 14 detection rules automatically.
  6. 6Use the findings report to prioritize which items to investigate further before the payment deadline.
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How to Read a Yardi CAM Reconciliation Statement (Line-by-Line Guide)

Explore Related Resources

Tenant TypeRetail StoreTenant TypeMedical OfficeDetection RuleGross Lease ChargesDetection RuleExcluded Service ChargesScenarioMy CAM reconciliation statement is 6 months lateScenarioMy CAM charges include expenses my lease explicitly excludes

Next Best Step

Choose your next move

Scenario pages should bridge from diagnosis into the dispute path and audit proof.

What is a CAM audit?

Use the audit process if you still need to validate the billing error.

See the CAM dispute guide

Use the dispute playbook if the issue is already active.

Start Free Audit

Run the free audit once you are ready to quantify the overcharge.

Ready to skip the reading and document the overcharge directly?

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Relevant Tenant Types

Retail StoreMedical Office

Related Scenarios

Are My CAM Charges Too High? How to TellIs it worth auditing my NNN lease CAM chargesWhat Is Included in CAM Charges (And What Shouldn't Be)How to verify my pro-rata share is calculated correctlyWhat's a normal management fee percentage for commercial leases

Related Resources

Tenant TypeRetail StoreTenant TypeMedical OfficeResourcesCAM Overcharge Detection GuidesToolsFree CAM Audit ToolsGlossaryCAM Glossary

Frequently asked questions

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

This page provides general educational information. It is not legal advice and may not reflect the most current law in your state. Consult a licensed attorney for advice specific to your situation.