Commercial real estate leases can be complex, and there are many terms and provisions that tenants need to understand to negotiate the best deal for their business. One of the common lease structures used in commercial real estate is the base year lease. In this...
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...
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...
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,...
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...
