Bondable Net Lease tenants face specific billing risks tied to how expenses are allocated and reconciled. The most common error appears in the section below. CAMAudit runs 14 forensic detection rules on your reconciliation statement to identify every recoverable dollar.
Administrative or management fees charged by a landlord who performs no management duties. In sale-leaseback transactions, the original property owner becomes the tenant and a new investor becomes the landlord, any fee the new landlord charges for "property management" that the tenant performs independently is a direct overcharge with no lease justification.
The most extreme form of commercial lease, where the tenant's rent obligation is absolutely unconditional, the tenant cannot terminate, abate, offset, or reduce rent under any circumstances whatsoever, including total destruction of the premises. Named because the lease is as creditworthy as a corporate bond. Bondable net leases are exclusively used for investment-grade tenants in sale-leaseback transactions where the property is being used as a financing vehicle.
Identical to an absolute net lease in scope, tenant pays 100% of all expenses including taxes, insurance, maintenance, capital replacements, and structural costs. The distinction from absolute net is the unconditional rent obligation: even if the building is destroyed by fire, flood, or condemnation, the tenant must continue paying rent and must rebuild or replace the premises.
No landlord CAM, the tenant pays all expenses directly to vendors. The landlord receives only the ground rent or base rent with no other receivables. The tenant effectively owns and operates the property for all practical purposes while the landlord holds fee title as a financing mechanism.
Upload two PDFs. 14 detection rules. Under 15 minutes. Free.
Verify zero landlord fees of any kind, administrative, management, or coordination. Review rent escalation provisions carefully: bondable net leases typically have fixed annual step-ups or CPI-linked increases with caps. Confirm that any "fair market" rent reset provision has a clearly defined independent appraisal methodology and tenant arbitration rights.
Upload two PDFs. 14 detection rules. Under 15 minutes. Free.
Next Best Step
Walk through the full audit steps before you upload your lease and CAM statement.
Review the audit process before you upload your lease and reconciliation.
Preview the proof page before you upload.
Run the free audit when you want documented findings.
Ready to skip the reading and document the overcharge directly?
Find My OverchargesNeed 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.ioThis 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.
