Lease Audits for Tenants
Real Estate Consulting, Deloitte Financial Advisory Services LLP
Considering that lease-related expenses are often one of the largest expenses a company incurs, companies should feel confident they are receiving the true value of their lease. If not detected, miscalculations and improper accounting can cost a company millions of dollars over the life of a lease.
With extensive real estate accounting, finance and property management experience, our professionals help clients determine whether their lease related expenses have been appropriately charged in accordance with their specifically negotiated lease provisions. Following a carefully designed and honed inspection process, we analyze the lease, landlord accounting records, and as necessary, perform a property tour, resulting in a well-documented report of potential issues. As appropriate, our Real Estate Consulting professionals will also assist in the negotiation of potential overcharges.
Throughout the entire process, we strive to maintain, and in many cases strengthen, the landlord-tenant relationship. We focus on our clients' leases, so they can focus on their business.
Lease audits are contract compliance engagements whereby the goal is to ensure that all lease charges are in compliance with the lease.
*The term "audit" as used herein is not and should not in any way be construed to be synonymous with the terms "audit," "audit procedures," "compilation," "review" or any form of "attestation" service as described in the pronouncements on professional standards issued by the American Institute of Certified Public Accountants.
