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Admin Fee Stacking Calculator

Multiple admin fee layers can add 20%+ to tenant CAM bills beyond raw expenses.

$
%
%
%

Tenant fully-loaded billing

$144,900

Total loaded CAM

$1,811,250

Effective markup vs raw

0.21%

How the math works

Stacked: raw × (1 + first) × (1 + second). Markup = (loaded − raw) / raw.

$1.5M × 1.15 × 1.05 = $1.81M (20.75% markup). × 8% pro-rata = $145k tenant CAM bill.

How to Use

  1. Enter raw CAM expenses.
  2. Enter first-tier admin fee %.
  3. Enter second-tier admin fee %.
  4. Enter tenant pro-rata %.
  5. Read fully-loaded CAM billing.

Frequently Asked Questions

Admin fee norms?

Standard industry: 10-15% admin fee on controllable CAM, 0-5% on non-controllable. Aggressive: 15% on all CAM, stacked with a 5% management fee on total CAM, producing effective 20%+ mark-up. Tenants push hard to cap these at 10% of controllable only.

Stack mechanics?

Raw CAM × (1 + first admin) = sub-total. Sub-total × (1 + mgmt fee) = final CAM. Tenant share = final × pro-rata. Easy to miss in lease reviews. Institutional tenants audit and often recover 10-20% when caught.

Market vs institutional?

Markets like NYC, Boston, Los Angeles: aggressive admin fee stacking is common. Secondary markets: more restrained. Institutional tenants (credit-rated) negotiate capped admin and audit rights. Small tenants usually accept the lease as written and overpay.

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