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
Alliance Partner American Bar Association blog BOMA building occupancy CAM Commercial Investment Real Estate Magazine Commercial Real Estate Investment Magazine Common Area Maintenance CoreNet CPA Certification Duke Long FASB Grant Thornton Grossing Up Gross Up IASB Jason Sanquist Landlord Lease Accounting Lease Audit lease auditing Lease Management Software Lou Ferro Marc Betesh Michael Meyer Operating Expenses Pass-throughs Podcast Press Release PRG-Schultz PRGX Profit Recovery Property & Probate Magazine real estate operating expenses Real Estate Tax Retail SIOR Speaking Strategies Timing Twitter vacancy visual lease website