Lease Audit Services

• Does someone in-house or a real estate services firm review your annual lease expense reconciliations?

• Do you ever wonder if your landlord is charging you properly based on the terms of your lease?

If you answered Yes to one or both of the questions above, but have never had your lease audited at the landlord's office, then our Lease Audit services are for you. Our Lease Audit experts level the playing field through our in-depth knowledge and technical expertise of lease language and industry standards. Our review of lease related costs ensures you pay only what you agreed to and what your lease allows, by actually going to the landlord's office and auditing all lease related costs.

Savings are typically the result of landlord oversights, math errors, lease misinterpretations, etc., and are found in areas such as rent, percentage rent, escalations, operating expenses, CAM, real estate taxes, insurance, marketing dues, utilities, offsets, etc. Additional recoveries are related to potential tenant / co-tenant / sub-tenant billings, as well as the square footage of your space. We know where the opportunities for recovery are and more importantly, we know how to realize those recoveries for you.

Have you determined your rentable versus usable square footage as specified in your Lease? Do you know how the landlord determined its "common area factor?" If necessary, we will measure your lease space using the appropriate standards, BOMA, ANSI, etc., and determine whether or not you are paying for space you are not occupying. If not detected, a miscalculation here can cost you hundreds of thousands of dollars over the life of your lease.

Our fees are based on contingency. If our audit does not result in a savings or credit to the Tenant, no fee is earned. It is that simple and it works. Our clients almost exclusively insist on this arrangement, so there is no risk.

Often times, client's leases contain language that states if a certain percentage of overcharges (maybe 3%) is detected, the landlord is required to pay the cost of the audit. In these instances our services may be absolutely free. If you do not have this language, be sure to add it to your next lease. Please note, even if your lease does not contain audit language, you have the right to audit.

To learn more about Lease Audit Services, or to schedule a demonstration contact Kelli Williamson at 972.759.7726