Be Prepared: Landlord Annual OPEX Reconciliation Statements Are Coming! 5 Common Areas to Explore for Billing Errors & Overcharges Ownership Expenses Generally speaking, all operating expenses passed-through by the landlord should be directly associated with the maintenance and operation of the building. Unless a lease’s operating expenses inclusions specifically allow it, any cost related to […]
In addition to a comprehensive Lease Compliance Audit, whether you are a net lease tenant responsible for vendor selection and procurement of janitorial services or a modified gross lease tenant required to procure “additional services” above janitorial lease provisions due to usage requirements, today’s most cost effective programs include a regularly performed, single source lease […]
NEW YORK, NEW YORK November 12, 2012 Commercial Tenant Services, Inc. (CTS) is pleased to announce that Tony Collura has joined CTS as a senior member of our Lease Audit Group. Mr. Collura brings over twenty years of real estate accounting and lease audit expertise to CTS’ lease audit practice and will focus his efforts […]
With rising electric use and escalating electric costs, many corporate tenants struggle to maintain profit margins, significant expense reduction opportunities may lie in a closer examination of utility costs. Many commercial leases call for tenants to purchase some share of their utilities from the landlord. These building operating expenses are passed through to the tenants […]
Especially in today’s economically challenging times, corporate and commercial tenants focus on the financial impact of operating expense provisions in their leases. As a result the nation’s leading firms utilize Lease Audit as a ‘best practice’ to lower leasing costs. Also referred to as Rent Audit, Lease Compliance Review, CAM Audit or Escalation Expense Audit. […]
Guest Article by Walt Batansky of PointLine, Inc., Tampa, FLAlliance of Tenant RepresentativesFriday, February 10, 2012 Imagine that you purchased $10,000 worth of product from one of your suppliers. When the invoice came, however, they incorrectly billed you $20,000 and your accounts payable department unknowing paid the full invoice. When you discovered the error 45 […]
Few areas hold as much impact on capital outlay as real estate and leasehold expenses. Ensuring that your company is not overpaying is integral to fiscal management. 1. Significant Jumps in Operating Expenses / Additional Rent Performing a simple trend analysis of your year-to-year operating expense obligation is a must. And while inflationary and market […]