If you have ever been involved with an on-site lease audit of a landlord’s books and records, you would know that landlords hate them. With the widespread use of digitized record-keeping, many landlords are opting to send such records to their tenants electronically. This article discusses the benefits and limitations of sharing digital copies of Operating Expense/CAM records, and suggests sample lease language for that purpose.
Tags: blog, CAM, Common Area Maintenance, CoreNet, Gross Up, Grossing Up, Lease Accounting, Lease Audit, lease auditing, Lease Management Software, Lou Ferro, Marc Betesh, Operating Expenses, real estate operating expenses, Real Estate Tax, Retail, visual lease
It’s the end of April, and you should have received your operating expense and tax reconciliations from 2011. But you face a problem: the receipt of these statements starts the clock on when you must notify your landlord of errors. If you don’t, your statements are “deemed” conclusive and binding, regardless of how blatant or obvious errors may be.
This article will show you how to deal with this costly restriction and to avoid it in the future.
Tags: AECRE, building occupancy, building operating expenses, CAM, Common Area Maintenance, CoreNet, DLA Piper, FASB, IASB, Lease Accounting, Lease Audit, lease audit rights, lease auditing, LeaseTips, Marc Betesh, Michael Meyer, office lease, Operating Expenses, Pass-throughs, real estate operating expenses, Real Estate Tax, robert nash, Schulte Roth, SIOR, Speaking
Duke Long interviews Marc Betesh, President and CEO of KBA Lease Services, about upcoming FASB changes at Corenet’s Chicago conference.
Commercial real estate blogger Duke Long interviews Chris Werely about Visual Lease’s functionality, ease of use and design. Visual Lease is an affiliate of KBA Lease Services.
Duke Long interviews Marc Betesh about upcoming FASB changes at Corenet’s Chicago conference.
On February 2nd at 12pm EST, KBA Lease Services and Visual Lease will host a free webinar outlining the impact on corporate real estate due to the proposed FAS 13 lease accounting changes.
After receiving excellent reviews from the last CoreNet Global Summit, Marc E. Betesh, President of KBA Lease Services and Michael E. Meyer, Managing Partner of DLA Piper will be speaking again at the CoreNet Global Summit.
Mark your calendar to get valuable pointers from two of the country’s top leasing experts. Marc E. Betesh, President of KBA Lease Services and Michael E. Meyer, Managing Partner of DLA Piper will teach you how to keep that great deal on track during the CoreNet Global Summit in New Orleans.
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