success by the numbers
More than three decades of lease audit experience has led to millions of dollars in client savings. Here are a few examples:
$13 million
Recovered $13 million in erroneous rent payments through the audit of cell site leases for a major wireless network. The correction of rent payments going forward substantially increased the savings to the client.
$7.6 million
Discovered that a 15% instead of 3% annual increase was entered in the client’s database for a long-term lease. Correction of this error avoided a potential overpayment of $7.6 million over the term of the lease.
$938,000
Discovered an amendment that provided an increase of $3,000 to annual rent was erroneously entered to pay $3,000 per month. At the time of the audit, rent had been overpaid $36,000, which was recovered for the client. Without correction, rent would have been overpaid the sum of $938,000 over the lease term.
$776,358
Recovered $776,358 in landlord overcharges for CAM, tax and insurance charges for a national retail client.
$188,286
Identification of an overlooked amendment to reduce office space and implement an annual operating expense cap resulted in recovery of $188,286.
$40,470
Landlord erroneously excluded certain tenants and contributions from the pro rata share denominator resulting in $40,470 in real estate tax overcharges.
$35,266
Disallowed expenses were included in initial operating expenses, impacting the annual cap going forward. Correction resulted in recovery of $35,266.
your investment
We offer a variety of fee structures to best suit your needs. Many of our lease audit clients benefit from our risk-free contingency fee basis. If we do not recover money for your company, we do not charge a fee.
Contact us today to learn how we can help you.