Single Net Lease (N) 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.
Landlords pass through landlord-generated late payment penalties from the taxing authority, or include special municipal assessments (road improvements, sidewalk districts) that go beyond standard ad valorem taxes. Some landlords also attempt to classify certain operating costs as "tax equivalents" to shift maintenance responsibility.
The most landlord-favorable of the "gross" structures and the least common net lease variant. The tenant pays base rent plus their pro-rata share of property taxes only. The landlord retains responsibility for building insurance, all maintenance, CAM expenses, and structural costs.
Tenant pays: base rent and property taxes (pro-rata share only). Landlord pays: building insurance, all CAM expenses, structural maintenance, roof, parking, landscaping, utilities, and all other operating costs.
No CAM reconciliation. Tenant receives a property tax pass-through billed as their fractional share of the municipal tax bill. Typically billed monthly as an estimated amount and trued-up annually when the actual tax bill is received.
Upload two PDFs. 14 detection rules. Under 15 minutes. Free.
Obtain and verify the actual municipal property tax bill. Confirm no late penalties are included. Review whether any "special assessments" are included and whether your lease explicitly allows or excludes them. Verify the pro-rata denominator.
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.
