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The Industry’s Leading Approach Landlord approval is a key component of deals requiring a transfer of assets, merger, acquisition or refinance.

Every multiunit operator with locations around the country understands the challenges that come when tax valuations start pouring in. Worse yet, determining accurate current market values, tracking appeal windows, complying with requirements of various jurisdictions and monitoring the results is immensely time consuming. 

Most tenants accept their lease options and conditions as if they’re etched in stone. But just when you think something is non-negotiable in the commercial real estate world, think again.

Lack of communication between tenants and landlords is a common issue for multi-unit operators, especially when it comes to obtaining past-through data necessary for auditing occupancy costs (OC). However, there are ways to boost responsiveness and reduce your heartburn.

If you’re a retail operator, there are seven critical ways to optimize your lease portfolio. By keeping these issues top-of-mind, you’ll have time to strategically plan for changes, take advantage of time-sensitive opportunities, and even cut your losses when the time is right.

Following payroll, occupancy costs represent the highest expense category for multi-unit operators. To keep Occupancy costs as low as possible, its critical to verify that balances are correct, the right calculations have been applied and all the billbacks align with the lease language. When a seasoned team audits all lease related occupancy costs and manages payments on an ongoing basis, you’ll pay just what you owe based on the lease terms. These savings typically multiply throughout the life of the lease.