REoptimizer® Blog

Tips for your Commercial Lease Audit

Posted by Don Catalano on Sep 25, 2017 8:37:01 AM

Cost conscious tenants have different ways of controlling costs. One of the most efficient ways by most corporate tenants is conducting commercial lease audits. These audits are aimed at determining whether a corporate tenant is paying more money as rent than is legitimately required. If so, the tenant is entitled to seek recovery of overpayments.

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Topics: commercial lease audit

Ways to Conduct a Commercial Lease Audit

Posted by Don Catalano on May 24, 2017 1:21:55 PM

Is the lease for your commercial office space really fair? If you read the document over carefully prior to signing, you may be inclined to say, "Yes, of course!" immediately; however, there are often clauses and languages in standard leases that put tenants at a disadvantage. A commercial lease audit is your chance to have your lease carefully analyzed to ensure that it is fair. Here are some of the considerations that go into one:

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Topics: commercial lease audit, lease audit

When to Do a Commercial Lease Audit

Posted by Don Catalano on Jul 18, 2016 8:57:04 AM

The commercial lease audit can be a powerful tool to reduce your company's total occupancy cost. However, audits are time-consuming and potentially expensive and too many of them can sour relationships with landlords. As such, it's best to do an audit when it is likely to yield real benefits for you.

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Topics: commercial lease audit

The Importance of the Commercial Lease Audit

Posted by Don Catalano on Apr 10, 2015 8:51:00 AM

Your monthly payments to your company's landlords aren't as simple as they may seem. Typically, commercial leases require you to pay a mixture of rent and expenses. Calculating both parts of the payment can be a complicated process, making them open to errors. Given that, somehow, landlords are more likely to make mistakes in their favor than in yours, it is wise to periodically do a commercial lease audit and make sure that you're paying what you should.

A commercial lease audit is a detailed comparison of what you are paying to what you should be paying. Typically, the auditor will look at what is billed to you in CAM and triple-net charges and compare them to the building's actual expenses through the lens of what your lease says you should be paying. If the landlord is overcharging you, you should be eligible for a refund. Here are some tips to help you through the process.

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Topics: corporate real estate, CRE, commercial lease audit, Commercial Real Estate Lease Audit, corporate lease audit, tenant lease audit

4 Scenarios in Which You Must Conduct an Audit

Posted by Michael Sweeney on Jan 14, 2014 10:30:00 AM

A fundamental aspect of corporate real estate optimization is to minimize spending. Lease math can be very complicated and whenever anything changes, there's always a risk that your landlord will make a mistake. When these mistakes occur, it's usually going to be in their favor instead of yours. With this in mind, here are four scenarios in which you must absolutely conduct an audit: 

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Topics: commercial lease audit