Understanding NNN, CAM, and Lease Administration

The Mechanics of Commercial Leases

Commercial leases run on terms that quietly determine returns: triple-net (NNN) structures, common area maintenance (CAM) charges, and escalations.

Sound lease administration means accurate CAM billing and reconciliation, escalation tracking, and renewal strategy — all documented to an audit-ready standard.

Done well, lease administration protects NOI and keeps owners and tenants aligned for the long term.