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Lease audits

Don’t leave money on the table

Our lease audit experts can identify and correct landlord billing errors, so you’re not overpaying for your lease.

Timing matters

You may have a limited amount of time to exercise your lease audit rights. By working with our in-house lease audit team early, you’ll won’t miss this opportunity.

Audit Triggers

The following events may make a lease audit necessary:

    1. Ownership/building management change:

      This could result in a change in billing methodology. Expenses that were previously not passed-through to tenants could be included by the new ownership or building manager.

    2. Significant Increase in Expenses

      If total operating expenses (net of real estate taxes) have increased by more than 5%, you may need a lease audit to determine whether the increased expenditures are reimbursable under the terms of your lease.

    3. Fluctuations in Expense Categories

      Significant year-over-year variations in expense category totals or changes in the titles of expense categories could signal a change in the accounting treatment of expenses.

    4. Base-year completion:

      This documents the billing methodologies and expense inclusions and exclusions to ensure your base year accurately reflects the full year of expenditures.

    5. Building Activity

      Did you notice a large change in building occupancy during the year? What about building renovations or major equipment replacements? Weather damage? An audit can ensure that the operating expenses do not include any expenses that are not permitted by lease.

Our approach

We have dedicated lease audit experts who average 25+ years of professional real estate experience. Our professionals understand how to reduce your risk while uncovering and negotiating the highest savings possible – all while maintaining a strong relationship with your landlord/owner. Our expertise combined with our solid reputation gives us with immediate credibility with landlords, and often provides an advantage in negotiations.

We’ve conducted field audits in every state and in all major cities in the United States and Canada. These audits have resulted in thousands, and in some cases millions, of dollars in recoveries for our clients. For the past seven years, we have achieved $19 million in current overcharges and future savings of $22.4 million as a result of corrected billing practices and methodologies.

How much are you leaving on the table?