LA 821 Aggressive Pro-Tenant Operating Costs Addendum For Office, Industrial, Or Retail Lease
This form is designed as an addendum to an office, retail or industrial lease to protect the tenant from broad pro-landlord operating costs provisions. The addendum is to be executed at the same time the lease is signed. The addendum contains extensive pro-tenant exclusions from the operating costs that may be passed through to the tenant for payment on a pro-rata basis.
It also features pro-tenant provisions regarding audit of operating costs, utilities and energy, refunds and credits, and arbitration. Finally, the form contains stipulations by the landlord as to the amount of real estate taxes, prior operating costs, landlord staff salaries and benefits (included in operating costs) and utility charges for 3 prior years for the complex containing the premises.
Number of Single Spaced Pages: 12
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