The Rise of Uncontrollable Operating Expenses. What Tenants Can Do To Protect Themselves
In today’s commercial real estate market, tenants are increasingly facing a growing challenge: the rise of uncontrollable operating expenses. As a lease administration company, we process and analyze hundreds of invoices and operating expense reconciliations for...
Overview of Different Operating Expense Structures
In a commercial real estate lease, the operating expense structure outlines the costs associated with operating and maintaining the property. These expenses can include property taxes, insurance, maintenance, repairs, and utilities. Depending on the lease agreement,...
Recent Law Firm Lease Audit Recovery Highlights
In the complex world of lease management, operating expenses represent a significant portion of a law firm’s real estate budget. Given their impact on a firm’s financial health, the review of operating expense statements through a lease audit becomes not...
Navigating the 2023 Reconciliation: A Guide for Commercial Tenants
As a commercial tenant, the start of a new year often brings with it the operating expense reconciliation statement for the previous year. The 2023 reconciliation is a critical document that reflects the actual expenses incurred by the landlord in operating and...
National Lease Advisors Surpasses $1 Million in Operating Expense Savings for Clients in 2023
National Lease Advisors, a leading provider of lease administration services, proudly announces surpassing the significant milestone of $1 million in savings for its clients during the year 2023.