That is the question…but who should be asking? Repair and Replacement or Landlord Enhancement and Marketing? At CTS, our mission is to empower businesses like yours to maximize the value of your leased properties. Through meticulous lease audits, we identify discrepancies, errors, and opportunities for cost savings, ensuring that you’re getting the most out of […]
Landlords are increasingly recognizing the value of working with experts to streamline financial operations, maximize tax benefits, and ensure compliance. Their partnership with Expert Consultants and accountants goes way beyond just number crunching – it provides a strategic advantage in navigating the complexities of property ownership. Operating Expense Clauses often limit Tenants’ use of experts…but […]
A dedicated lease audit program can play a significant role in ESG (Environmental, Social, and Governance) initiatives by promoting transparency, efficiency, and responsible management of leased assets. Here’s how a lease audit can help with ESG initiatives: Reducing Environmental Impact: Energy Efficiency: A lease audit can help identify opportunities to reduce energy consumption in leased […]
Showcasing these spaces help landlords market and promote the building. These finished out suites often show unique features to potential prospects. In today’s market, landlords are exerting significant effort to lease their emptying spaces. Tenants should not be responsible for covering expenses related to marketing and promotion. These expenses do not fall under operating the […]
As a tenant, it is essential to be aware that landlords are meticulously monitoring critical dates related to your lease agreement. Missing timelines is a common expectation, and landlords often have these as liabilities on their books until the matter is resolved. Due to changes in personnel, or being pulled in different directions, we have […]
With a substantial number of office leases expiring by 2026, Landlords increasingly seek to retain ALL money, which could include erroneous billings. Brokers may recommend to their clients, avoid Lease Audit, instead focusing on transactions. Despite other advice you may be getting, Audit Clause limitations are not so limiting! Our 35 years of experience, include […]
For most companies, looking to lease additional space has come to a screeching halt. But what about renewing your space? Renewals mean something very different now than they did prior to March Madness. It can be an opportune time to renegotiate square footage, critical dates, and other terms. Commercial Tenant Services, Inc. (CTS) can assist […]
“Anytime I have a question, my landlord answers right away and supplies documentation.” It is great to have a responsive landlord…however; are you asking your landlord for the correct materials? Is your landlord delivering the appropriate explanations? Certainly glaring questions should be discussed between landlords and tenants; conversely most tenants and landlords’ employees are not […]
CTS auditors take a deeper dive to ensure landlord billings are in compliance with your specific lease terms. Our reviews are truly comprehensive and include Operating Expenses / Additional Rent, Utilities, Tenant Improvements, RET, and all manner of leasehold expense obligation. A key aspect to a truly comprehensive review is an understanding of regional and […]
Global Telecom Company – Parking Deck Issue The client is a global telecommunications company occupying roughly 273,000 square feet in a major metropolitan city. Audit Findings/Non-Compliance Issues CTS noted that the Building and the Parking Deck reimbursement obligations were separated per the lease, and while only the Building operating expenses were subject to a management […]