If your lease has a "Gross Up" clause in the lease, you need to understand the ramifications this has on your operating expenses that are passed through to you by your Landlord. Operating expenses are tracked each year and in most commerical leases in large buildings, the Landlord is required to send you an accounting of these expenses. It is very difficult to understand as the expense summary does not provide you the underlying details. If your lease allows for an audit, you can obtain the additional information.
The underlying details show how expenses were computed. This includes the occupancy of the building for the period in question. The "Gross Up" provision in your lease allows the Landlord to pass on charges to you as if the building were occupied to a certain level. In my next blog I will go into more detail about how this can impact you positively and negatively.
Call me, Sonny Moyers, if you have questions about your lease and these provisions in your lease. My cell phone is 469-261-5715. I provide Advisory and Consulting services in the United States as well as Brokerage Services in the State of Texas.
http://www.cnn.com
http://www.foxnews.com
http://www.wsj.com
http://www.marketwatch.com
http://www.dallasnews.com
http://www.latimes.com
http://www.ireport.com
http://www.abc.com
http://www.cbs.com
http://www.msnbc.com
http://www.worldnews.com
http://www.whitehouse.gov
http://www.change.gov
http://www.oprah.com
