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.
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Private Companies Prepare for Upcoming Lease Accounting Changes
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
Understanding the Importance of Your “Base Year” Operating Expenses
Portfolio Lease Administration & Advisory Team