Share Article
Top 5 Audit Risks in Commercial Leases
Negotiating a commercial lease is high-stakes. Hidden clauses can cost thousands over the lease term.
1. Operating Expense Pass-Throughs
Ensure that capital improvements are not hidden within operating expenses.
2. Calculation of Rentable Area
Verify the "load factor" used to calculate rentable vs. usable square footage.
3. Restoration Clauses
Watch out for requirements to return the property to its original "shell" condition, which can be extremely costly.
Share:
