Some certainties in life are ever present, like death and taxes. Some are seasonal: Every winter, birds fly South, and every March 19, the swallows return to San Juan Capistrano.
Escalation Wars!
Operating escalation challenges falls into the seasonal category. When economic times are good, commercial tenants pay rent escalations like clockwork. When times are hard, the same tenants -- aided by lease audit consultants working on a contingency basis -- suddenly "discover" hundreds of thousands of dollars in alleged escalation overcharges.
By
Jeffrey TurkelThis premium content is locked for New York Real Estate Law Reporter subscribers only
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