Under a typical net commercial lease, a landlord charges its tenant certain sums of additional rent based on estimates of the actual amounts, with the provisional payments being reconciled after a fiscal period ends and the actual amounts are verified. Some tenants get annoyed by landlords who seem to “never” get around to reconciling. Some landlords are vexed by delays they experience in settling, for example, an anchor tenant’s contribution before being able to finalize the amount the non-anchor tenants will be charged, or in finalizing a realty tax appeal or other financial exercise that inherently delays year-end adjustments.
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