With Ever-Changing Requirements and Mandates‚Ä¶
Is Your Landlord Billing You Correctly?
CTS auditors take a deeper dive to ensure landlord billings are in compliance with your specific lease terms. Our reviews are truly comprehensive and include Operating Expenses / Additional Rent, Utilities, Tenant Improvements, RET, and all manner of leasehold expense obligation.
A key aspect to a truly comprehensive review is an understanding of regional and local nuances. In Florida, this might include making sure a tenant is not double-billed in utility sales tax (a rather common occurrence), while in California it would include verifying that a tenant is not overcharged in Landlord compliance with escalating Title 24 requirements.
California building owners and commercial tenants have recently become subject to Part 6 of the California Energy Code ‚ÄúTitle 24.‚ÄĚ Designed to implement energy efficiencies and reduce overall energy use, Title 24 often has the short-term effect of increasing a tenant‚Äôs expenses and TI. Has your company‚Äôs landlord accurately addressed your specific lease terms when accounting for any Title 24 compliance expenses in your building?
Regional and local nuances often have material impact on a commercial tenant‚Äôs leasehold expenses and landlord reimbursement obligation. Leverage CTS experience and expertise and let us help you keep your spend down. To discuss a complimentary evaluation of your portfolio based on our 25+ years of experience and expertise, please contact: