Lease Administration Services
Money-Saving Advice for Tenants From Our PLA Team
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Lease Administration Best Practices for Businesses
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It is truly remarkable, and just a bit worrisome, how many people use Microsoft Excel to keep track of their real estate lease information. While it works well if you are only tracking a few key dates and terms for one or two leases, if you have six or more locations, Microsoft Excel is definitely…
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At some point during your lease term, it is inevitable that your landlord will send a request asking you to execute an estoppel certificate. For most tenants, the request for an estoppel comes as a surprise as it is a legal document and the landlord is likely asking for a turnaround of 10 days. So what is an estoppel certificate?…
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For the past four years, the Financial Accounting Standards Board (FASB) has been working to change the way tenants and owners of commercial real estate report their lease transactions on financial statements. It now appears we are in the final stretch, and significant changes are coming soon that will have a big impact on the bottom line for many companies.
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As a commercial tenant, this is the time of year when you can expect to receive your building’s operating expense reconciliation and budgets. If you have never taken the time to study these statements, it’s probably because the information was presented in a way that offered little detail. That’s by design.
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It’s that time of year again when Southern California landlords are sending out their 2014 operating expense (OpEx) budgets and 2013 reconciliations. If you are leasing commercial space, that means there’s no better time to review your lease to make sure you’re not paying more than you should be.