Capital Expenses in Commercial Leases: How to Avoid Surprise Costs
Capital expenses in commercial leases can create major financial surprises for tenants. At National Lease Advisors (NLA), our lease administration and lease audit team regularly identifies situations where landlords rely on loose lease language to pass through...
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...
Leasing Tips: It’s Time for 2023…Base Years
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...
2022 CAM Budgets Exceeding Inflationary Pressure and Deserve a Closer Look
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.