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Category Archives: Rent
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
Filed under: Lease Audit, Other Lease Terms, Pass-throughs, Pre-lease Issues, Rent
Tagged Additional rent, CAM, Gross Rent, Net Rent, office rent, Pass throughs, Rent Structure, Tax and Operating Expenses
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Tenant’s Lease Renewal Strategies
Lease renewals are one of the most profitable leasing transactions for landlords. As most tenants look to renew their lease to avoid the disruption associated with a relocation and as landlords perceive existing tenants as a “captive audience”, I’ve outlined … Continue reading
Filed under: Options, Rights, and Renewals, Pre-lease Issues, Rent
Tagged lease renewal, option to renew, tenant rep, winning office lease renewal strategy
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Operating Expense & Tax Reconciliation Season: Don’t leave Money on the Table
Now that the holiday season is over, ‘tis the season for Operating Expenses and Tax reconciliation for office tenants. As most office leases allow the landlord to recapture increases in Operating Expenses and Taxes (which tenants commonly pay on an … Continue reading
Filed under: Lease Audit, Other Lease Terms, Rent, Uncategorized
Tagged audit, CAM, office lease audit, operating expenses, reconciliation, reconciliation statements, tenants, true-up, trueup
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