by NLA Team | Mar 2, 2026 | Lease Administration, Blog, Leasing Tips, Lease Audit Services
Commercial tenants receive operating expense reconciliation statements every year. In many organizations, these statements go directly to accounts payable and get paid without review. For companies managing large real estate portfolios, this approach creates... Read More
by NLA Team | Feb 26, 2026 | Lease Administration, Blog, Lease Audit Services
At the start of each year, commercial tenants receive their operating expense reconciliation statement for the prior year. This document shows the actual costs your landlord incurred to operate and maintain the property and it determines whether you owe additional... Read More
by NLA Team | Aug 6, 2025 | Blog, Leasing Tips, Lease Audit Services
As 2025 winds down, it’s time for tenants and brokers to double-check the Base Year in any new leases, renewals, or expansions. We often see tenants commit to terms that start in late 2025 or early 2026, only to find out later that the lease uses 2025 as the Base... Read More
by NLA Team | Jul 24, 2025 | Lease Administration, Blog, Lease Audit Services
Negotiating a base year lease can be one of the most important and often overlooked parts of a commercial lease. Whether you are signing a new lease or renewing, understanding how to structure base year operating expenses can save your business significant money over... Read More
by NLA Team | Jul 1, 2025 | Lease Administration, Blog
Starting October 1, 2025, Florida will fully eliminate sales tax on commercial leases. This includes both the state sales tax and the local surtax that counties often add on top. This change was made official through House Bill 7031, recently signed into law by... Read More
