The CAM Recovery Audit Checklist
A 12-point pass for commercial property managers. Run every point before the statement leaves your desk.
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Caps applied to the correct expense pool
Most retail caps apply to controllable CAM only — not all CAM. The most expensive under- and over-recovery hides in this one line.
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Anchors and outparcels — category by category
A blanket center-wide allocation is almost always wrong when the property has anchors or self-maintained users. Confirm participation per category.
Lease → expense → allocation → tenant charge
Every recoverable line item should trace cleanly from lease language to tenant charge. If you can't trace one, that's where the audit finds you.
BUILT-IN SCORING
Know in one glance whether the statement is ready to send.
12/12
GREEN LIGHT
Send the statement.
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10 -11
FIX FIRST
Fix the gaps before sending.
Under 10
RESET
The statement isn't ready. Reset to point one.
About the Author
Lisa Shull, CPM
Founder of the Institute of CAM & Lease Compliance (ICLC™) and creator of the CCLCS™ credential. Lisa has spent more than two decades inside commercial property operations — turning lease language into recovered revenue and helping ownership protect NOI.
The Audit Checklist is the front-of-the-binder version of her work. The full system lives in The CAM Recovery Blueprint, releasing May 22, 2026.
The book is available on Amazon. The Checklist is yours FREE today.
Download the 12-point Audit Checklist now — and you'll be ready to apply the full Blueprint the moment it releases.
Send Me The Checklist