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
Why would a tenant’s operating expense bill be 10 times higher than expected just 2 years after occupying new space? Many real estate professionals will tell you that 80-90% of all corporate leases suffer from deficiencies; the question is–can you identify and remedy them? We’d like to arm you with some information to help navigate these waters and avoid some of the more dangerous issues. This LeaseTip addresses the dilemma a tenant that moves into an empty building can face.
Tags: building occupancy, CAM, Commercial Real Estate Investment Magazine, Common Area Maintenance, empty building, Gross Up, Grossing Up, Lease Accounting, Lease Audit, Lou Ferro, Marc Betesh, Operating Expenses, Pass-throughs, Strategies, vacancy, visual lease
Marc Betesh, President and founder of KBA Lease Services, is scheduled to speak about the FASB’s upcoming lease accounting changes at the New Jersey chapter of SIOR on February 2nd, 2011.
Tags: FASB, Lease Accounting, Lou Ferro, Marc Betesh, Press Release, SIOR, Speaking
Marc Betesh, President of KBA Lease Services, was a participant on the FASB/IASB’s Public Roundtable regarding the upcoming Lease Accounting changes held the afternoon of January 6, 2011. Louis J. Ferro, CPA and Senior VP of Audit Services for KBA and Christopher Werely, Chief Operating Officer of Visual Lease attended the roundtable as observers. The [...]
Tags: FASB, Lease Accounting, Lou Ferro, Marc Betesh
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Size Matters!Why All Lease Abstracts are Wrong!Bringing the Field to the Desk: Lease Audits in a Digital AgeFASB / IASB Lease Accounting Changes – Don’t Worry, Be Happy!
How can the timing of my lease audit affect the results?Do I have the right to audit my lease?What can be wrong with my bills?How will auditing my lease affect my relationship with my landlord?
