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Free money: does your landlord owe you? Your year-end reconciliation statement may be a source of hidden cash.

Publication: Retail Merchandiser
Publication Date: 01-NOV-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
There might just be a treasure chest of cash and cost-cutting opportunities hidden in the year-end reconciliation statement from your landlord, but you won't find it unless you're willing to roll up your sleeves and dig. Many tenants pay these reconciliation charges without thinking twice. But the savvy tenant thoroughly examines the statement, seeing it as an opportunity to improve his bottom line.

Commercial real estate leases often have provisions allowing landlords to seek reimbursements from tenants for their prorated share of operating costs. These charges are better known as common area charges, base year reimbursements, or capital expenditure amortization reimbursements.

As a tenant, you probably make estimated payments during the...

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