A recent audit report from City Auditor Jenny Wong reveals significant disorganization in Berkeley's management of property leases, indicating that the city may be losing potential revenue. The city has failed to maintain a complete inventory of leases and lacks a coherent approach to lease management, some of which date back over a decade. With over 20 leases operating in holdover status, the city risks financial loss through outdated rental agreements and could face eviction from properties it rents. The audit echoes findings from a 2009 report, indicating persistent issues in the city's operations.
Berkeley's lack of organisation in lease management is leading to potential financial losses, outdated leases, and missed opportunities to adjust rental agreements for better revenue.
City Auditor Jenny Wong highlighted that over 20 leases have expired and are now in 'holdover' status, which could cause both financial loss and tenant eviction risks.
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