CAM and NNN reconciliation

The pool comes from your books

The recoverable pool is built from the expense accounts in your own chart of accounts that you have marked recoverable. Every account starts as non-recoverable. That decision is yours, made once per account, and it is never undone by a later sync.

Costs are shown as controllable or non-controllable, following each lease's own definitions. A cost the lease excludes leaves the pool. Where a lease is unclear about a cost, that is a question on the card, not a guess.

Caps per recovery year

A cap is applied per recovery year against a baseline. The baseline is the prior year's recorded share, a figure you entered, the base-year stop the lease names, or a cap the lease waives. It is never a guess.

The three usual cap forms are all handled: a plain yearly cap, a cumulative cap, and a compounding cap. Where the lease lets unused cap room carry into the next year, the true-up shows the amount carried.

Admin fee and the tenant's share

The admin fee is worked out on the base the lease states: the tenant's share before caps, the controllable share, or the pool. Each tenant's share follows its own lease, with its pro-rata basis, any gross-up, any exclusion and any base year.

Komod does not invent occupancy, base-year stops or CAM invoices. Where the lease leaves a term open, the true-up card asks you and lists the valid choices. A suite recorded as submetered takes none of the utility lines.

Every figure shows how it was reached

Each true-up figure in the report shows how it was reached, step by step: the pool, the exclusion, the share, the cap, the fee. Each step links to the transactions, the lease clause or the recorded figure it used.

The owner recovery package is a review document. Posting the recovery to QuickBooks is its own card, and only your click sends it. A posted line that was wrong is reversed by a new mirrored entry you approve, never by a silent edit.

Related pages

• Use case

  Lease abstraction

  Upload a lease or an amendment. The terms come back as a card, each with the page and the words it came from. A person approves the card before anything is recorded.
• Use case

  Invoice verification

  Vendor bills read from the document, coded to your own chart of accounts, marked recoverable or not, and held as a card until a person approves them. Nothing is posted on its own.
• Use case

  Owner reporting

  The monthly report your owners read, in seven sections. Every figure links to the transaction, lease clause, calculation or document behind it. Owners read it in their own portal and see only their buildings.
• Who it is for

  For small and mid-size CRE portfolios

  Retail, office, mixed-use, triple-net. A handful of buildings or many. No new accounting system to adopt: QuickBooks stays your ledger, and Komod does the reading, the matching and the report.