There’s truth in the old saying – but in real estate, it takes on a whole new meaning.
Many landlords are now drafting lease language that may shift responsibility for certain damages or exclusions away from themselves – and onto tenants. While warranties and insurance policies often appear to offer coverage, the fine print (or lack thereof) tells a different story.
For example, nickel sulfide inclusions in tempered glass can cause glass breakage. This may be a costly defect, and it is likely not covered under warranty or insurance. If your lease doesn’t address these gaps clearly, you could find yourself absorbing expenses thought to be the responsibility of the Landlord.
That’s where CTS comes in.
As part of our Platinum Client Program*, CTS offers a complimentary lease language review. Together with your transactions team and/or legal counsel, our building systems experts, bring 30+ years of experience to help identify hidden risks and cost exposures in your lease agreements.
By aligning technical insight with legal protections, we can help reduce the chances of unexpected expenses filtering down to tenants and help you preserve your cost-cutting strategies without costly surprises.
Leases are more than paperwork; they are protection. Make sure they work for you, not just the Landlord.
As part of our complimentary services, CTS is pleased to provide our Platinum Client Program* with:
*The CTS Platinum Client Program is offered to our portfolio clients. Please contact us to see if you qualify.
It’s in our DNA – CTS is proud of our 30+ years of experience and over one billion square feet audited. CTS has helped over half of Fortune 100 (and smaller companies) save billions of dollars. Get started now to start saving before year-end. Reach out for a complimentary consultation and a guide to our services, pricing, timelines and what makes our process uniquely effective from others, leading to our clients’ success. Sara Stanley/SStanley@CTSAudits.com/310-526-8389