Lease Administration Services
Money-Saving Advice for Tenants From Our PLA Team
Portfolio Lease Administration & Advisory Team on May 08, 2023
Each year, commercial tenants collectively spend millions of dollars above and beyond their base rent in operating expenses. Unlike the rental rate that is negotiated and spelled out in the lease document, these operating expenses (OpEx) are subject to each property owner’s operating and accounting procedures. These charges are presented to tenants twice a year—in the beginning of the year as an operating expense budget, and at the end of the year as an operating expense reconciliation statement. These expenses are subject to interpretation, and unfortunately, errors can be made, unbeknownst to tenants who end up needlessly overpaying.Read More
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Our Portfolio Lease Administration & Advisory team is comprised of industry-leading experts with years of experience focused on this specialization. We know the ins and outs of the business and take the burden of these responsibilities off of your hands. The team's broad expertise have helped tenants save money on their leases, and address issues that arise during their occupancy.