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Navigating the 2023 Reconciliation: A Guide for Commercial Tenants

Navigating the 2023 Reconciliation: A Guide for Commercial Tenants

by NLA Team | Jan 23, 2024 | Lease Administration, Blog, Lease Audit Services

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...

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Leasing Tips: It’s Time for 2023…Base Years

Leasing Tips: It’s Time for 2023…Base Years

by NLA Team | Aug 29, 2022 | Leasing Tips

As we enter the final stretch of 2022, we want to remind tenants and their brokers to push for a 2023 Base Year on new leases and extensions. As lease administrators and tenant advocates, it can be frustrating to see a client commit to a new or extended term that...

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2022 CAM Budgets Exceeding Inflationary Pressure and Deserve a Closer Look

2022 CAM Budgets Exceeding Inflationary Pressure and Deserve a Closer Look

by Ed Muna | Feb 26, 2022 | Lease Administration, Blog, Lease Audit Services

At NLA, we do not think the pandemic is an excuse to lose control of expenses. Property managers owe it to their tenants to control the year-over-year costs.

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Leasing Tips: Avoiding Surprise Capital Expenses

Leasing Tips: Avoiding Surprise Capital Expenses

by Ed Muna | Jul 20, 2021 | Lease Administration, Leasing Tips, Lease Audit Services

As advocates for tenants, one of the most frustrating observations the lease administration and lease audit team at National Lease Advisors makes is landlords taking advantage of loose lease provisions to pass through excessive capital expenses. The debate between...

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Commercial Real Estate Insider: Tenants Seeing Success Challenging 2021 CAM Budget Increases

Commercial Real Estate Insider: Tenants Seeing Success Challenging 2021 CAM Budget Increases

by NLA Team | Nov 28, 2020 | Lease Audit Services, Lease Administration, Blog

With 2021 around the corner, commercial property owners have begun sending tenants updated operating expense charges for the new year (“CAM charges”).  What many tenants are finding very surprising is that in a time when they need to cut back on expenses...

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