“Safeguarding Against Overcharges”

This is the critical message NRTA President Debbie Ravel and Executive Director Lisa Krizek are delivering to hundreds of restaurant franchise owners attending the national Franchise Association Conference in Las Vegas next week.

As a commercial tenant, whether you have a single lease or an entire portfolio, the cost of leasing space is typically the most significant operating expense on your profit and loss statement.

There’s a good chance you may be overpaying for leasing YOUR space, say Debbie and Lisa. Regardless of the type of industry you are in. Retail, restaurant, office, medical, warehousing — if your lease(s) includes the payment of “your share” of certain variable expenses, then there is an opportunity for overcharges.

As tenants, now more than ever, it is important to scrutinize your occupancy expense billings. The words in your lease can save you money. Minimizing the risk of overpaying by confirming your billings are in compliance with your lease should be a priority for any and all tenants.

Think about it.

How many lease amendments and modifications have been negotiated over the past two years? From layoffs to retirements, COVID has overwhelmingly affected the workforce. Every workforce.

Due to limited bandwidth, we are confronted with prioritizing tasks which prior to COVID were “normal” day-to-day operating procedures easily performed. These factors have challenged the world of Lease Administration. Employees are faced with doing more with less. The result is a greater probability of errors in landlord billed occupancy expenses.

Scrutinize your occupancy expense billings.

Safeguard against overcharges.

Take a look at Debbie’s recent article on this important topic.

Celebrate our shared success! Executive Leadership to represent NRTA at RFDC’s 2022 Conference.