KEY TAKEAWAYS ✓ CAM reconciliation supports accurate expense recovery: Landlords can use CAM reconciliation to recover eligible operating expenses according to the terms of each commercial lease. ✓ Lease structure affects expense recovery: Lease terms determine how CAM and other operating expenses are allocated, reconciled, and recovered from tenants. ✓ Lease-specific provisions can affect final
KEY TAKEAWAYS ✓ CAM reconciliation directly affects NOI: Accurate recovery of eligible operating expenses helps protect property-level Net Operating Income and provides a more reliable view of asset performance. ✓ Recovery gaps can create revenue leakage: Misclassified expenses, incorrectly applied lease provisions, caps, exclusions, or gross-ups can leave recoverable income uncollected. ✓ Portfolio-wide consistency matters: