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Operating Expenses and Maintenance Charges
  • Improper base year accounting

  • Incorrect Pro rata share calculations

  • Proper accounting for costs excluded in lease

  • Capital expenditures calculated incorrectly

  • Cost allocation among portfolio improperly calculated

  • Incorrect allocations of expense pools

  • Failure to gross up charges per the lease

  • Inaccurate costs for vacant spaces

  • Charges for advertising, marketing and legal fees

  • Administrative fees higher than market

  • Improper calculation of association dues

  • Inappropriate inclusion of additional expenses

  • Excessive management fees

  • Timing mistakes based on rent commencement

Open Plan Office
Electricity and Utilities
  • Using incorrect rates for the building

  • True ups for vacant spaces

  • Inaccurate use of multipliers

  • Addition of surcharges to utility costs

  • Mistakenly including meters not associated with the lease

  • Meter errors

  • Usage errors

office light
Real Estate Taxes
  • Failure to abide by lease guidelines

  • Failure to apply tax refunds

  • Failure to gross up charges based on the lease

  • Incorrect billing on the real estate tax bills

  • Including taxes that are to be excluded per the lease

Office Building
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