Why would my landlord exclude anchor tenants from the denominator?

Anchor tenants often negotiate leases that exclude their space from the CAM denominator as a concession. This shrinks the denominator and inflates every other tenant's pro-rata share. It may be technically permitted under the anchor's lease, but only if your own lease explicitly accounts for it. CAMAudit checks whether your lease addresses anchor tenant exclusions.

What if the building has expanded since I signed my lease and the landlord hasn't updated the denominator?

New rentable square footage added after your lease was signed should increase the denominator and reduce your share, but only if your lease requires the denominator to reflect the actual building size. Some leases use a fixed denominator. CAMAudit flags this scenario and indicates whether your lease requires a denominator update.

Something Just Happened

My pro-rata share calculation doesn't match my lease terms

Pro-rata share errors are among the most financially impactful CAM billing mistakes because they affect every single line item in your reconciliation. If the denominator used to calculate your share is wrong, every expense is overbilled by the same ratio. CAMAudit recalculates your correct pro-rata share from your lease definition and flags the discrepancy.

TL;DR

A pro-rata error of even one percentage point can translate to thousands of dollars per year; catching it recovers overpayments on every line item, not just one.

Who this is for

Tenants who have compared their lease-defined pro-rata percentage to the percentage shown on their reconciliation and noticed a mismatch, or tenants who want to verify whether the correct building GLA is being used as the denominator.

Who this is not for

Tenants on a negotiated fixed CAM amount that does not fluctuate with the pro-rata formula, or tenants whose lease explicitly grants the landlord discretion to adjust the denominator.

What CAMAudit Checks in This Scenario

Rule 4

Pro-Rata Share Error

CAMAudit extracts your leased square footage and the denominator definition from your lease (gross leasable area, occupied area, or total building area) and recalculates your correct share, then compares it to what appears on the reconciliation.

What to Do Next

1Pull your lease and find the pro-rata share definition section, noting how the denominator is defined (total GLA, occupied GLA, or a specific stated area).
2Check whether anchor tenants or any spaces are excluded from the denominator by lease agreement.
3Locate your leased square footage and the total building or denominator square footage on the reconciliation.
4Upload your lease and reconciliation to CAMAudit to have the pro-rata calculation verified automatically.
5If a discrepancy is found, request in writing that your landlord provide the actual GLA figure used and their calculation methodology.
6Dispute the error using the CAMAudit findings report as supporting documentation.

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Related Resources

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Frequently asked questions

This 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.