Lease auditing is a complete and comprehensive examination of expenses incurred by a tenant as a part of their lease agreement. Some of the areas evaluated are Base Rent and Additional Rent, including; common area maintenance charges, utility usage and charges, construction costs, operating expense charges, CPI rate escalations, management fees, real estate & other taxes, sub-tenant charge-backs, verifying the measurements of a Premises, and all lease calculations.
In Johnson City and beyond, Mitch Cox Realtor, Inc. combines a detailed study of all lease documentation, with an in-depth analysis of the entire billing history of a lease to recognize and bring rent disputes to a resolution. We work with our clients to plan and carry out negotiation strategies to achieve the most favorable resolution of all potential claims.
Advantages to Our Lease Auditing Process
- Realigns leases with original financial projections
- Identifies and recovers over-payments
- Provides assurance and peace of mind that leases are in compliance
- Raises awareness of mistakes and miscalculations
- Improves internal controls
- Identifies areas for improvement in future leases