Posts by Portfolio Lease Administration & Advisory Team
How A Lease Audit Can Boost Your Bottom Line
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 MoreLooking for Potential Office Lease Savings? Take Time to Review Your OpEx & CAM Reconciliation
10 Reasons Why More Businesses Are Choosing to Utilize a Lease Administration Partner
Deadline Quickly Approaching for Private Companies to Adopt the New Lease Accounting Standard, ASC 842
Five Common Mistakes Commercial Landlords Make When Preparing CAM Statements
Private Companies Prepare for Upcoming Lease Accounting Changes
A New and Significant Tax May be on the Horizon for California Businesses
New Lease Accounting Standard Has Finance Departments Scrambling
Lease Accounting Changes and the Challenges Ahead
Lease Accounting Changes and How the Renewal Option Became Your Latest Liability
For a Good Read, Try Your Operating Expense Reconciliation
Lighten Your Load: How Lease Administration Services Are Saving Executives Time and Money
How Your Landlord’s Capital Spending Is Hurting Your Bottom Line
Why You Haven’t Audited Your Lease (And Why You Should)
Portfolio Lease Administration & Advisory Team