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...