000 00941cam a2200133 4500
008 041007n2004 000 0 eng u
035 _a(Sirsi) u127653
100 _aHarris, E.
245 4 _aThe lease audit clause: is it fair for tenants?
260 _c2004
490 _aJournal of Corporate Real Estate
_v6(4) September 2004, 335-343(9)
520 _aHighly restrictive commercial lease audit clauses have come into vogue in commercial leases over the past decade or so. Their original purpose was to provide a means by which the tenant could verify that the landlord's accounting was reasonable and proper. The reason for its popularity with landlords is that it has evolved into a tool that allows landlords to capture funds in excess of a lease contract. Audit clauses typically relate to operating expense statements - sometimes referred to as either OPE (operating expense) or CAM (common area maintenance) statements.
942 _n0
999 _c74562
_d74562