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

As the seasons change, many of us are sealing up our homes, setting the AC to a comfortable 74 degrees (or maybe 68), and shutting those windows. But it’s not just the weather that brings closure – Audit Clause windows may also be closing, too.

Tenants are right in the middle of OPEX Season, when Landlords are reconciling last year’s estimates and sending out Operating Expense reconciliations. Many leases have some form of audit restriction(s) which often include deadlines – meaning the window for reviewing and contesting overcharges may be closing fast. Even with a credit on your bill, that often only means the estimates were overpaid.

Thirty to 90 days’ audit windows may already be closing. And 120 days’ windows are right around the corner. And what if your lease is ‘silent’ or has no definitive timeline? You may be surprised at Landlords’ responses around those.

It is the perfect season to have a third-party professional review your portfolio. You may have one or more locations that are strong candidates for an audit – and acting now could result in meaningful savings. So, pop Claritin, and let Lease Audit experts help keep those windows open a little longer. 

Sweater Weather is coming soon!

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