Audit

Submitted by mlconnor on Fri, 2010-01-29 17:08

Save time and money by hiring specialists to periodically audit your leases.

You worked smart by negotiating favorable terms in your leases. Unfortunately, hard-won protections are often forgotten during ongoing operations long after the leases were negotiated.

To identify and correct any misinterpretations of clauses, hire a professional lease consultant to examine, for example:

CAM, Real Estate Taxes, and Insurance billings
Status of shopping center lease-up protections (i.e. "kick-out" clauses)
Accuracy of billings and collections from subtenants
Rental rate performance versus current market conditions

In the process, you may uncover significant savings. And, you save time by completing these periodic, time-consuming reviews without burdening your in-house team.

Save time ... save money ... a winning concept!

A few of our clients...

Smart Words

Outsource

One way to increase operating flexibility and accelerate cost savings is to outsource repetitive tasks.

Class (redux)

We think this savings opportunity is worth repeating.

Alert

The FASB (U.S. accounting standards body) is working on a significant change in lease accounting standards.

Audit

Save time and money by hiring specialists to periodically audit your leases.

Metric

Which metric best defines the true worth of your leased property?

TARP

Outside of Wall Street, TARP really means “Tenant’s Audit Rights Provision”. Do your leases contain this crucial protection?

Prune

A sure way to improve your bottom line is to prune your portfolio regularly. Each year, rank every property using a reliable metric.

Feedback

Feedback is a critical part of learning and learning is the first step to improving.

Feedback (Results)

In our most recent Smart Word email, we asked for your feedback on several questions. A brief summary of the results are below:

Class

Trading down the class of property you lease could smash your occupancy costs.

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