As part of our lease administration service, the team at NLA reviews all of our clients’ CAM budgets and reconciliations. For one law firm, the result was an immediate savings of $24,000. At first glance, the landlord’s calculation appeared correct and the increase in expenses over the prior year was reasonable. However, looking further into the lease document, we identified a concession negotiated by our client’s broker in which the CAM charges were to be abated during the year. It is not unusual for the property manager or accountant to overlook a concession like this that can get buried in the lease. We presented our findings with the landlord and they quickly acknowledged the mistake, resulting in our client saving $24,000 over the course of the next year!