Tenant and Owners Tips and Tales
REVIEW YOUR LEASE BEFORE YOU START CUTTING COSTS
Before implementing drastic cost-cutting measures, bring in a commercial leasing broker or a real estate attorney to review your lease. Recently we caught a nationally prominent landlord trying to pass on an unjustified annual increase in excess of 37%. Most tenants never questioned it, they just paid it, Another commonly used leasing ploy, in most full service leases around the country is calling for the tenant to be charged twice annually for the same operating expense increases and three times annually for real estate taxes. If you confront your landlord on this issue you’ll quickly learn something about their ethics. Let this be a barometer when making your next leasing decision.
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Copyright 2002 Commercial Leasing Institute
This information is not intended to be legal or account advice. For specific legal or accounting advice you should consult an attorney or an accounting professional.
Copyright 2002 by Jack Saltman. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed without the prior written permission of Jack Saltman
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