Accurate expense allocation can mean the difference between tenant satisfaction and financial disputes. This session will cover best practices for calculating gross-ups, justifying expenses, and ensuring compliance with lease agreements. Attendees will leave with practical strategies to handle expense allocations with confidence.
Learning Objectives:
1. Understand how to calculate a gross-up and apply it in lease scenarios.
2. Identify which expenses are commonly grossed up and understand the rationale behind the adjustment.
3. Compare how gross-up calculations may differ between newer and older buildings based on occupancy, system efficiency, and expense variability.
4. Recognize best practices and common pitfalls when applying gross-ups to ensure accuracy and transparency with tenants.
