Lease auditing is a systematic process that examines leasehold expenses, billing methodologies and lease language in commercial leases. A lease audit can help verify that charges billed to you are accurate and in compliance with your lease terms.

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Areas of a Compliance Review Typically Include:

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• Annual Reconciliations / Operating Expenses / CAM Charges

• Base Year Calculations

• Escalation Indices: CPI, PPI, Porter’s Wage & other Index Driven Escalators

• Gross Up Calculations

• Base Rent / Percentage Rent / Free Rent and Concession Provisions

• Impermissible Lease Expenses / Capital Expenditure

• Pro Rata Share 

• Insurance

• HVAC / Utilities

• Real Estate Tax / Specific Assessments and Parcels

• Overtime Charges and Tenant Specific Chargebacks

• All Other Chargebacks & Occupancy Related Costs

• Space Measurement Verification

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• Database management

• Critical date tracking

• Invoice analysis

• Estoppel analysis

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Commercial property transactions have grown to be very complex, requiring detailed commercial leases with clauses to cover many different issues and details. Lease abstracting is a process usually performed upon receiving a new lease document, and our team focused on the most important, as well as most frequently used, information in a lease will be able to compile the most effective and useful lease abstract. In the day-to-day administration of lease obligations, a lease abstract provides a handy quick references eliminating time wasted on endless re-reading of lengthy

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