Lease Administration: Real Examples of 2024 Client Savings (Part One)
Each year National Lease Advisors saves in excess of $2,000,000 for our lease administration clients. We take pride in achieving these savings and believe that looking for recoveries, big and small, is essential to adding value to our clients and building trust. We...
Overview of Commercial Lease Security Deposits
As a lease administration company, we see many leases and many different security deposit structures. Below is an overview of security deposits, different factors that determine security deposit form and amount, and return of the security deposit at the end of the...
Reduction in Commercial Rent Sales Tax in Florida: What Tenants Should Know
In a move that is poised to benefit businesses across Florida, the state government has announced a significant reduction in the commercial rent sales tax, which will be lowered from the current rate of 4.5% to 2.0% starting June 2024. This change marks a substantial...
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...
Commercial Lease Estoppels 101
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 Expands Leadership Team with the Addition of J.P. Huntington
NLA establishes an office in Dallas-Fort Worth and adds Darlene Gonzaga, an experienced lease administrator.
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...