Lease Reviews

 Landlords or tenants may order a lease review if they feel that there have been material changes in the terms of the lease. These changes can include an increase or a decrease in the amount of space rented, capital expenditures to the property which considerably affect the CAM charges, changes in collective use of space, maintenance related issues that have not been properly accounted for, escalations to the base rent which is no longer in line with market realities or general interpretation of lease language. Other times, lease reviews occur before option renewal periods and drive landlord and tenant to re-negotiate the terms of the lease.