Tag Archives: Gross Rent

Area MeasurementBuilding ServicesLease Audit

Is it Fair That My Landlord can Artificially Inflate Operating Expenses?

Most office leases allow landlords to recoup from tenants on a pro rata basis the operating expenses and taxes that the landlord pays to operate the building.  When a building is not fully occupied and where a landlord is collecting … Continue reading

Filed under: Area Measurement, Building Services, Lease Audit, Other Lease Terms, Pre-lease Issues, Rent, Transparency | Tagged , , , , , , , , , , , , , | Leave a comment

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

Filed under: Lease Audit, Other Lease Terms, Pass-throughs, Pre-lease Issues, Rent | Tagged , , , , , , , | Comments Off on Limiting the Hidden Costs of Office Rent: Operating Expenses & Taxes