Occupancy Cost Reviews

Many companies are unable to devote the time needed to detect and correct excessive or erroneous occupancy charges.  Even in a well-controlled environment, the complexity of the real estate business can result in billing errors and excessive fees that can cost a company considerable profits. Our experience indicates that approximately 90% of operating expenses charged by landlords contain errors, which if undetected, can amount to millions of dollars in lost profits.
 
During an Occupancy Cost Review, our team reviews all leases, past correspondence, year-end statements, invoices and accounting records to determine if there is a variance between allowable and actual costs charged.  We achieve unmatched results though vast market intelligence, industry knowledge and the understanding of individual landlord practices.  Periodic reviews of relevant case law ensure that our recommendations are consistent with current legal rulings.  Below are a few of the common Occupancy Cost recovery areas:

• Common Area Maintenance (CAM)
• Property Taxes
• Percentage Rent
• Capital Expenses or Construction Costs
• Tenant or Landlord-Specific Costs
• Consumer Price Index Escalations
• Percentage Allocation of Costs

Upon the completion of each contract, every client receives a Final Management Report that details the findings of the review and includes actionable recommendations based on industry best practices, which often yield future cost savings.
    

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