CAM reconciliation is often treated as an annual accounting process. But the real cost includes everything required to determine whether the charge is actually correct.
The work behind one reconciliation
A team may need to:
- Find the governing lease.
- Identify every relevant amendment.
- Understand caps, exclusions and expense stops.
- Check pro rata share.
- Review gross-ups.
- Determine whether capital costs are recoverable.
- Compare the landlord statement with supporting detail.
- Recalculate the amount.
- Document each discrepancy.
- Communicate with the landlord.
Leakage hides in the details
Multiply that across hundreds or thousands of locations and CAM becomes a portfolio-scale data problem. Common issues include:
- Incorrect pro rata share.
- Unsupported expenses.
- Expenses prohibited by the lease.
- Incorrect CAM cap calculations.
- Capital expenditures charged incorrectly.
- Duplicate charges.
- Incorrect administrative fees.
- Gross-up errors.
- Taxes or insurance allocated incorrectly.
Audit every charge against the lease
REAL connects the lease, amendments, landlord statements and financial records in one workflow. It validates the charge, identifies exceptions, traces each finding to the governing lease language and helps prepare the next action.
Audit the charge. Prove the claim. Recover the cash.