Terry Barger January 15, 2013 at 2:58 pm Log in to Reply Most states recognize the covenant of good faith and fair dealings which would allow for an audit of their expenses. One could go back a number of years to audit, based upon the statute of limitations for contract law in that state. In most states, that is 4 years. Why would a tenant restrict its right to audit within 180 days or less after receipt of the statement if they don’t get something in return? That is a big concession for landlords to ask. Tenants must not restrict their right to audit.