CAM Audit Results in $90,000 Recovery for Office User

National Lease Advisors recovered $90,000 for an office user while reviewing CAM billings in the course of providing our lease administration service. The mistake identified was a miscalculation of the client’s base year. The landlord was utilizing estimated property taxes for a newly constructed building as the base year expense figure. When the county’s assessments were later finalized, the actual property taxes were significantly higher than the landlord’s original estimate, which should have resulted in a higher base year figure. NLA compared the property tax expenses in the CAM reconciliation with public property tax records to identify the miscalculation. NLA presented the findings to the landlord who made a quick correction and credited the overcharged amount to the law firm.