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Shining a Light on Lease Operating Expenses

By Jason Hughes

Landlords would prefer to keep you in the dark – which is why our team at Hughes Marino collectively spends tens of thousands of hours advocating for the rights of our tenants during lease negotiations. But what about after everything is said and done and the lease is signed – how can you be sure your landlord isn’t billing you for unnecessary expenses? We have that covered.

Our Lease Audit and Administration Services, led by Senior Vice President Ed Muna, was specifically created to help protect tenants from erroneous charges billed by landlords. These costs are presented to tenants by landlords twice a year in the form of an annual operating expense budget and an operating expense reconciliation, both of which are subject to each individual property owner’s operating and accounting procedures, and not subject to any rules to regulate these charges.

By reviewing lease documents and operating expense statements carefully, we are able to uncover any red flags or possible areas for concern that might otherwise go undetected. Each year we identify and recover millions of dollars in erroneous charges – a testament to our dedication to our clients, and the expertise of our team. We encourage you to be proactive in reviewing charges and increases – and our team can help you every step of the way.

Jason Hughes is chairman, CEO, and owner of Hughes Marino, an award-winning commercial real estate company with offices across the nation. A pioneer in the field of tenant representation, Jason has exclusively represented tenants and buyers for more than 25 years. He writes about topics in commercial real estate from a tenant’s perspective on his blog, Downtown Dirt. Contact Jason at 1-844-662-6635 or jason@hughesmarino.com to learn more.

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