You Can Lose Rent Escalations If You Take Too Long to Bill Them
Whether out of neglect or clerical error, you may forget to invoice a tenant for a tax escalation or other charge it owes you. Or, if the tenant is struggling, you might decide to keep the bill in your back pocket and wait for its finances to improve. In either case, you’re taking a risk. The failure to bill the tenant promptly for the escalation may cost you your right to collect it later.