Keeping track of individual lease terms is a daunting task for many property management firms. Correctly calculating tenant invoices is even more of a challenge. Our experience shows that one-in-every-four leases we audit warrant a claim, with the average recovery at nearly twenty-five cents per square foot! Not bad for a day’s work!
- Lease audits
- Report on findings
- Claims preparation
- Cooperatively work to obtain greatest possible refund
Advantage IQ can also provide consulting services that address internal training for occupancy accounts payable personnel and upfront reviews of lease language. These services will protect tenants from future overcharges or undesirable payment situations and will recover overpayments made to landlord and property management companies.
Advantage IQ’s Lease Auditing Services address the complexities of managing the expenses associated with retail real estate leases. Our expert knowledge and extensive experience in settling audit claims with landlords allows us to develop a customized plan that meets your needs. On average, we find that one out of every four audited leases have an overcharge associated with the CAM or taxes. Historically, this has equated to recoveries averaging nearly twenty-five cents per square foot. Over the last 4 years, Advantage IQ’s Lease Auditing consultants have recovered approximately $35 million for our clients.
For more information about our Lease Auditing Services, contact us today. (800) 791-7564