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
Not-So-Impending Doom Finalizing the changes is taking much longer than anticipated. This means the effective date of the changes will be pushed off farther into the future, giving companies more time to deal with the impact. As you have probably heard, extensive public comment over the proposed changes in the Boards’ original August 2010 Exposure [...]
Tags: Commercial Leasing, FAS 13, FASB, Financial Accounting Standards Board, IASB, Jason Aster, KBA, KBA Lease Services, Lease Accounting, Lease Audit, lease auditing, lease audits, Lease Tips, Leasing, Marc Betesh, Real Estate, real estate leasing, real estate operating expenses, Update, 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
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.
Tags: blog, CoreNet, Duke Long, Lease Management Software, 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
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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?
