What is a lease audit?
A lease audit is a systematic examination of a tenant’s leasehold to determine that a tenant has been provided with the correct amount of space per their lease document. The audit also ensures that all lease expenses and charges are relevant and accurate to the economic terms of the lease. A lease audit is also known as a Rent Audit, Escalation Expense Audit or CAM Audit.

How do I know if I am able to have my lease audited?
The vast majority of commercial leases allow for an audit to be done. Lease Analytics will review all your lease documents during our free consultation and advise the best way to proceed with an audit.

What is the process for auditing a Lease?
Typically Lease Analytics will conduct a free consultation where the lease documents are reviewed. If we find the lease to be susceptible to errors we will gather the rest of the relevant data including bills and financial recaps. Once all the documents are gathered they will be reviewed for financial discrepancies. Lease Analytics will then measure the client leased space, building, and all pertinent areas. These measurements will be inputted to our proprietary software which will help us calculate the exact square footage and resulting discrepancies. Once all the data has been reviewed and all discrepancies are revealed, Lease Analytics will generate a final report to the tenant, and approach the landlord for recovery of the overcharges.

What does a lease audit cost?
Typically Lease Analytics fees are contingency based meaning, we only take a percentage of the money we are able to recover or save for our clients. In some cases we will negotiate a different fees structure such as hourly or set fee.

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