Leases are complex, mistakes happen and overpayments occur. Each lease is unique and negotiated individually making it difficult even for a landlord to assign accurate charges that meet the conditions of your lease. And as a tenant, you might not have the personnel or expertise to thoroughly review and correctly interpret your lease language and provisions. A lease audit conducted by the Mueller & Co., LLP team of professionals can identify some costly surprises and help you control expenses.
What is a Lease Audit?
A lease audit is a thorough analysis of lease terms and validation of charges to ensure that amounts billed are correct. It involves a disciplined review of lease documents, invoices, and various other materials. It can also include a review of the property manager's books and records as well as public records and other data.
What are the benefits of a lease audit?
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An audit can help provide immediate and future financial savings by identifying errors and overcharges.
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Negotiation of refunds or credits is managed by an experienced and professional team of lease audit experts who represent the tenant's interests, while protecting their relationship with their landlord.
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A lease audit signals to your landlord that you are aware of the terms and language of your lease to help deter future overcharges.
What is the process?
Data Acquisition: Retain lease, portfolio listings, invoices, and other data sources
Lease Analysis: Review of lease terms, operating expenses, rent, common area maintenance (CAM), utility charges, porter wage formulas, taxes, space measurement and more
Resolution: Summarize and report findings to client, present to landlord
