Category Archives: Pass-throughs

Lease AuditOther Lease TermsPass-throughs

Limiting the Hidden Costs of Office Rent: Operating Expenses & Taxes

A major component (30% or more) of an office tenant’s rent bill is property taxes & operating expenses (“T&O”) which today is on the rise and where tenants have limited control under landlord-favorable leases.  In Chicago, T&O is rising significantly … Continue reading

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ElectricityLease AuditPass-throughs

Florida Tenants – Beware of Double Tax on Tenant Electric Charges

As you’ll soon be receiving Operating Expense reconciliation statements, we wanted to bring to your attention a frequently overlooked sales tax charge on electric.  Florida, as you may recall, imposes a sales tax on rent.  Most leases provide that the … Continue reading

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