Guest Post by Sara Stanley, MCR, Managing Director, Commercial Tenant Services, Inc.

That is the question. . . but who should be asking? Repair and Replacement, or Landlord Enhancement and Marketing? 

The only way to get the correct answer is to perform a deep-dive Lease Audit. Through these meticulous reviews, Lease Audit teams often identify discrepancies, errors, and opportunities for cost savings, ensuring that you are getting the most out of your leasing agreements. Uncovering hidden costs, negotiating favorable terms, and optimizing your lease portfolio is the name of the game to cost cutting efforts.

When faced with maintenance issues or aging infrastructure, tenants often find themselves paying for items that may be the landlord’s responsibility. We recommend carefully reviewing lease agreements, bills, and back-up documents to determine each party’s obligations regarding maintenance and repairs. Landlords may propose enhancements or marketing initiatives aimed at attracting customers and increasing property value. . . not an operating expense. It is essential to evaluate these costs to ensure these are covered by your lease terms.

Wherefore art thou, Lease Compliance?

Sara Stanley, MCR, is Managing Director at Commercial Tenant Services, Inc.