NNN Lease CAM Reconciliation Template
A reconciliation template specifically for NNN (triple net) leases, covering the three expense pass-throughs: property taxes, insurance, and common area maintenance — with gross-up and cap provisions.
Last updated: March 2026
Who This Is For
Landlords reconciling NNN leases where all three pass-through components (taxes, insurance, CAM) must be reconciled together.
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Download TemplateWhat's Included
- Three-N expense summary: taxes, insurance, CAM
- Property tax pass-through (100% recoverable in NNN)
- Insurance pass-through (100% recoverable in NNN)
- CAM expense pool with gross-up
- Pro-rata share and denominator section
- CAM cap comparison (if applicable)
- Combined NNN true-up per tenant
Key Features
Frequently Asked Questions
Do NNN leases require annual reconciliation?
Yes. Triple net leases require annual reconciliation because tenants pay estimated monthly amounts throughout the year. At year-end, actual property taxes, insurance premiums, and operating expenses are compared to estimates, and the difference is reconciled as a true-up payment or credit.
What's the difference between NNN and NN reconciliation?
In a triple net (NNN) lease, tenants are responsible for property taxes, insurance, and CAM — all three pass-throughs. In a double net (NN) lease, tenants pay property taxes and insurance, but the landlord typically covers CAM. The reconciliation scope differs accordingly: NNN reconciliations include all three categories, NN reconciliations typically cover only taxes and insurance.
Related Resources
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