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Tenant checklist

CAM reconciliation audit checklist for commercial tenants

A CAM reconciliation is not just a bill. It is a calculation governed by your lease. Before approving the balance, connect every material charge to the lease language and supporting property records.

Practical tenant guideUpdated August 1, 2026

1. Preserve the audit deadline

Find the lease section covering statement delivery, objections, audit rights, and document access. Record the exact notice deadline before you investigate the math.

  • Date the statement was received
  • Number of days allowed to object
  • Required notice method and recipient
  • Whether payment is required while a dispute is reviewed

2. Collect enough detail to reproduce the bill

A one-page summary is rarely enough. Request the property general ledger, tenant allocation schedule, occupancy and gross-up calculation, major invoices, capital project support, and prior-year reconciliation.

3. Test the lease rules line by line

Recalculate the tenant share, separate controllable from non-controllable expenses, apply contractual caps, verify the administration fee base, and compare exclusions with individual statement lines.

  • Ownership costs and landlord overhead
  • Leasing commissions and legal fees
  • Capital expenditures and reserves
  • Costs reimbursed by insurance or other tenants
  • Duplicate charges and related-party markups

4. Build an evidence-first question list

List each questioned amount, the relevant clause, the calculation difference, and the exact document needed to resolve it. Do not state that a charge is invalid until the lease and support establish that conclusion.