Discrepancy Letter definition
Examples of Discrepancy Letter in a sentence
If Landlord's Consultant disagrees with the Discrepancy Letter, then Landlord shall forward to Tenant a letter summarizing the disagreement (the "Response Letter").
If Landlord's Consultant agrees with the Discrepancy Letter, then Tenant shall receive a refund which is to be taken by Tenant as a credit against the next payment of minimum rent and additional rent due until such credit is exhausted (or if the Lease expires prior to full reimbursement, Landlord shall reimburse Tenant promptly thereafter).
If Tenant shall allege that the audit reveals an overstatement in Landlord's determination of the amount of Operating Expenses or Taxes for the calendar year in question, Tenant also shall deliver a letter to Landlord setting forth Tenant's position ("Discrepancy Letter").
For purposes hereof, the "dispute resolution procedure" shall be as follows: within ten (10) days after Tenant has notified Landlord of its election to resolve the discrepancy by the dispute resolution procedure, Landlord shall select a certified public accountant or such other financial advisor as Landlord deems appropriate ("Landlord's Consultant") to review and evaluate the Discrepancy Letter.