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Audit Clauses Provide More Protection for Landlords in Commercial Leases
5.18.11
In a commercial lease a portion of the building's operating expenses is often passed through to the tenant. The lease's "audit clause" governs the rules by which a a tenant and landlord may verify that the costs are accurate and correct. As audits are time-consuming and can disrupt property managers' operations, the audit clause describes the ways that the owner and tenant have agreed to conduct an audit.
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