In a triple net lease, you pay your share of the building's taxes, insurance, and common area maintenance (CAM) on top of base rent — and those pass-throughs are where overcharges hide. A lease and CAM audit checks what you were actually billed against what your lease allows. For many South Florida tenants, it's found money.
Why CAM is where the leaks are
Base rent is fixed and easy to check. CAM is variable, broad, and reconciled once a year in a statement most tenants never scrutinize. That's exactly why errors and aggressive billing accumulate there.
What an audit looks for
- Capital expenses disguised as CAM — roof and HVAC replacements, parking-lot repaving, and similar capital items billed as routine operating costs.
- Management and admin fees above market or above your lease's cap.
- Gross-up errors — operating expenses grossed up to full occupancy incorrectly.
- Wrong pro-rata share — your percentage based on the wrong rentable square footage.
- Uncapped increases that should have been limited by your lease.
The process
We start by reading your lease to confirm your audit rights and what's includable, then request and review the landlord's reconciliation and backup, flag discrepancies, and pursue credits or refunds for what was overbilled. Strong audit-rights language makes this far easier — which is also why we negotiate it into leases up front.
Worth it
If you occupy meaningful square footage on an NNN lease, an audit frequently pays for itself many times over — and it sets a precedent that keeps future reconciliations honest.
Related tools: See what your property is worth with the free Broker Opinion of Value tool, or browse the market & lease guides.