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In order to verify the additional rent being charged by the landlord, it is in the tenant’s best interest to audit and verify the accuracy of a landlord’s books, records and/or authoritative documentation in support of the additional rent items charged by the landlord.
In the event a retail landlord is receiving a share of its tenant’s profits or gross revenue above a specific “breakpoint” in revenue as part of the additional rent to be paid to landlord, the landlord should secure the right to audit all of tenant’s books and records.