The real estate industry is enjoying rapid growth and profitability. Meanwhile, occupancy costs represent a significant expense that continues to soar on an annual basis. Most companies focus primarily on their investment holdings in order to contain costs and reduce exposure. Other companies are unable to devote the time necessary to identify and recover erroneous overcharges. Such overcharges are hidden within complex lease clauses, convoluted reconciliations and unexplained expenses. These overcharges are at the expense of lost profits.
Claims by type:
Common Area Maintenance (CAM) - 22%
Real Estate Tax - 26%
Rent - 32%
Repair & Maintenance - 8%
Subtenant Billings - 6%
Tenant Improvements - 2%
Statement Credits - 3%
CPI Escalations - 1%
Benefits of an Occupancy Cost Audit
Dollars recovered from billing errors
Future cost savings from settlement of
claims
Landlord Awareness
Contract analysis
Management report
Claims Summary
Recommendations
Market Intelligence
Cost effective language recommendations
for new leases
Peace of mind knowing your real estate
department is running efficiently
