Expense-stops are the agreed dollar amount of taxes and operating expense over which you, as the lessee or tenant, will pay back to the lessor based on your prorated share of increases. These calculations can be very confusing and complex and have been identified as an area where most Lessees overpay. Some expenses may be included and some may not. The iLeasePro Expense Chargeback feature will handle all of this for you so you don't have to worry about tracking and can focus on you other priorities.
The iLeasePro Expense Chargeback feature is a powerful auditing tool that you can use to ensure that you are never over paying the Lessor. iLeasePro allows you to capture and record the Base Rent Operating and Tax Expenses at the detail line level or as one lump sum and the Pro-rated share of these expenses you are expected to pay back to the Lessor as your baseline. For each following year within the lease term, you will enter the actual operating expenses and tax amounts and iLeasePro will automatically calculate the Amount Due and produce a detailed report to allow you to reconcile any discrepancies. This feature could save you thousands of dollars in overpayments!