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In the Spotlight: Lease Audits: Adding Value in Troubled Times

By Mark Morfopolous

Nobody needs to tell you that times are tough. The retail industry has not seen a decline like this in decades, if not longer. As a tenant, you have been hearing about other tenants making successful demands to have their rents either lowered or partially deferred in the middle of their lease term. Although this may be an option for you, another opportunity to keep costs under control is to perform an audit of your landlord's compliance with various provisions under your lease. Not only can you, as a tenant, save money, you may also be able to pass the cost of the audit on to your landlord under certain circumstances.

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