The Lease Audit & Review Co., Inc.
Copyright The Lease Audit & Review Co., Inc.
Highly Experienced Commercial Real Estate Forensic Lease Accounting Services
No matter the square foot or the square mile, we make your payments make sense
Our Lease Auditing Expertise
Helping you access the cost of every square foot
The main objective of our work is to verify the accuracy of the charges billed by your landlord and thus potentially reducing our clients operating costs. In order to accomplish this objective we perform a complete review of your lease.
We offer over thirty five years of commercial real estate experience in lease analysis, lease interpretation and extensive escalation accounting expertise.
We analyze your lease clause language so that we can determine what and how your landlord is entitled to bill based on your individual lease terms.
Our clients rent and additional rent charges are thoroughly audited and reviewed for accuracy by an experienced professional.
Examples of the types of landlord overcharges that may exist are as follows:
Inclusion of expenses not permitted in your lease escalation costs
Double billing of costs
Related party transaction costs
Excessive above market management fees
Overstated gross–up calculations
Accelerated annual amortization and depreciation expense periods
Capital expenditures passed along as ordinary repairs and maintenance costs
Mathematical errors and/or duplication of journal entries
Facts to Consider:
Many leases have a limited window of time in which to conduct an audit and /or object to the charges billed.
CPA firms do not have the in depth industry experience in commercial real estate leases as they specialize in public accounting.
Lease clause language and their actual application to the billing of escalation charges such as Operating Expense Costs, CPI, and Porter Wage are quite unique.
In house staff has other responsibilities and can not afford the time devoted to intense analysis.
Many attorneys who write the lease clauses do not have the experience in the review and auditing of the actual accounting methods and specialized calculations utilized by the landlord.
Conclusion:
Our clients receive a quality audit of their lease charges and verification of the accuracy of their escalation payments.
No matter the square foot or the square mile, we make your payments make sense.
Contact:
THE LEASE AUDIT & REVIEW CO., INC.
tkw@theleaseaudit.com
201-264-5265