In this article, our Illinois commercial lease attorneys explain a tenant's right to an audit of common area maintenance charges.
In some commercial leases, tenants can be required to pay a portion of the landlord's expenses for things such as maintenance, property taxes and utilities in common areas. Common Area Maintenance Fraud is the term for when landlords overcharge this additional rent amount. If you feel that your landlord is overcharging you, if your lease allows, an audit of the landlord's common area maintenance expenses is a considerable step. Our Illinois commercial lease attorneys can discuss the tenants' options regarding this situation.
Read the full article by our Illinois commercial real estate lawyers regarding common area maintenance audits.