Following payroll, occupancy costs represent the highest expense category for multi-unit operators. To keep Occupancy costs as low as possible, its critical to verify that balances are correct, the right calculations have been applied and all the billbacks align with the lease language. When a seasoned team audits all lease related occupancy costs and manages payments on an ongoing basis, you’ll pay just what you owe based on the lease terms. These savings typically multiply throughout the life of the lease.
As the New Year draws near, most professionals responsible for commercial lease management are laser-focused on the next year’s goals. Before going too far down that path, it’s well worth your time to take stock