Commercial Lease Insights
Money-Saving Advice for Tenants From SVP Ed Muna
Michael Muna on August 06, 2019
Whether you are a tenant in an office, industrial or retail building, you are likely familiar with the CAM or operating expense charges passed on to you by your landlord. In a triple net lease, tenants are responsible for 100% of their proportionate share of these expenses on top of their rent. In a gross lease, tenants pay for their proportionate share that is in excess of the Base Year amount. These charges are above and beyond the base rent that is stipulated in the lease document and their unpredictability make them a sore spot for many businesses. Tenants receive these operating expense statements from their landlord’s property manager, but how can they know that they are accurately calculated?Read More
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Our Portfolio Lease Administration & Advisory team is comprised of industry-leading experts with over 30 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.