Get Cap on Operating Expenses, Make CPA "Condition Precedent"

December 28, 2009
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A retail or office tenant that is required to pay for all or a portion of the building's operating expenses should carefully examine the operating expense provision before signing its lease. If the provision in your lease provides that a determination as to what you owe for operating expenses will be rendered by a designated person whose decision is “final,” it may work against you later if you disagree with the owner's choice of the designated person, or the amount you owe.

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