Understand the concept of operating expenses and how to avoid the pitfalls of dealing with them.

This topic is intended for leasing deal makers and their consultants, including lawyers and accountants, who are involved in negotiating and administering office, retail and industrial leases and overseeing compliance with the pass through of operating expenses in these leases. Our speakers are two experienced professionals who represent both landlords and tenants and who have gone through the process of challenging operating expenses will discuss several current hot topics in this area, including the impact COVID-19 will have on the pass through of expenses.

Learning Objectives

  • You will be able to describe the importance of a proper baseline in monitoring compliance.
  • You will be able to identify what exclusions are worth fighting for.
  • You will be able to discuss cost pools, excess tenant services and tenant contracted services.
  • You will be able to explain what is included in operating expense and how they can be characterized.


Tracy P. Chelepis, CPA
Chelepis & Associates

Manuel Fishman, Esq.