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Tag Archives: Net 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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