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Why Audit Your Lease?
Financial District

A detailed lease audit and forensic review of the landlord operating expense and real estate tax billings can provide you with immediate savings and savings in future years as well.  

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  • Most tenants assume that the billing provided by their landlords is an accurate representation of the charges for the building and pay them without questioning the validity of the bills. 

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  • The majority of leases do not follow a template and there are specific clauses that are negotiated when a lease is signed.  

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  • Often times the accounting department will produce one set of financial statements for all tenants without focusing on the specific details of each lease.  This could lead to improper charges being applied and included in your base year and future years.  

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  • Assuming a 10 year lease and you occupy 50% of a building, a $50,000 error in your base year could cost you over $200,000 in excess charges that were improperly billed to your company.  

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  • A lease audit would identify issues in your operating expense statement and a new base year and / or current operating expense year could be negotiated. 

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  • Saving on occupancy expenses will put money back in your pocket to invest in your core business.

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