The contractual date by which a tenant must initiate a CAM audit after receiving the annual reconciliation statement. Missing the audit deadline can permanently bar a tenant from disputing that year's charges under a binding-and-conclusive clause.
Audit deadlines range from 30 to 365 days in commercial leases, with 60–180 days being most common. The clock typically starts upon receipt of the reconciliation statement (not the date it was sent). Courts generally enforce these provisions as written.
A landlord mailed the reconciliation statement on December 28 with a 60-day audit deadline. Due to holiday mail delays, the tenant received it January 7. The landlord argued the 60-day clock started December 28 and the tenant was too late.
Always confirm receipt in writing on the day you receive the reconciliation. Send an email to your landlord noting the delivery date. This creates a paper trail if the deadline is ever disputed.
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Start Free AuditThis 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.