The Lease Audit Nobody Wants to Do: Why CAM Reconciliation Is a Real Agent Wedge The Lease Audit Nobody Wants to Do: Why CAM Reconciliation Is a Real Agent Wedge Most “AI for real estate operations” ideas drift toward dashboards, lease summaries, or portfolio reporting. That is not the wedge. The stronger wedge is much uglier and much more valuable: annual CAM reconciliation objection packets for commercial tenants. CAM means common area maintenance, but in practice the annual reconciliation is a messy settlement event. A landlord sends a year-end statement showing what the tenant supposedly owes for operating expenses, taxes, insurance, utilities, management fees, and shared services. The tenant then has a short objection window, often 30 to 180 days depending on the lease, to figure out whether the charges match the contract. If the tenant misses the window, the money is effectively gone.…