Annual Reconciliation Process

The Reconciliation Process The Reconciliation Process is the annual process where Actual Expenses are compared to Budgeted Expenses. It is a critical accounting and administrative procedure that ensures accuracy and fairness in the allocation and billing of operating...

Full Service Gross (FSG) Lease

A lease structure where stated rent in the lease includes Base Rent and all Base Year Operating Expenses as follows: Taxes Insurance Common Area Maintenance (CAM) Utilities Janitorial A FSG Lease uses a Base Year structure to manage expense pass-throughs after the...