Ensure Prompt Repayment of CAM Overpayments

February 1, 2008
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Your lease probably requires you to pay annual CAM costs or operating expenses based on estimates that the owner calculates at the beginning of the year. At the end of the year, the owner must give you reconciliation items—such as a reconciliation statement and proportionate share calculation—that show the actual CAM cost or operating expense amount. If the owner's estimates were too high, the owner will then issue you a refund (or credit) for the overpayment.

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