A Consulting Firm specialized in Lease Auditing and Lease Consulting

Prodigy Consulting – a consulting firm specialized in  Lease Auditing and Lease Consulting in Mississauga providing professional services to corporations.

Our high caliber staffs are individual members of different professional organizations, which include of Association of Canadian Lease Auditors, Association of Ontario Land Economists and Real Estate Institute of Canada and Society of Management Accountants of Canada.

Lease Audit

Lease Audit is a process to find out if there is any error in lease administration including charging rents, other obligations and rights of the landlord and tenant.  It involves not only accounting principles but also engages legal and real estate expertise.  Many tenants were able to recover millions of dollars of overpaid rents through lease audit.  By recover the overcharged rents, a corporation can improve its cash flow, reduce its obligation and improve its bottom line.

Every year, commercial tenants overpaid millions of dollars as a result of their landlords’ mistake. However, many companies performed Lease Audit and Recovered their Lost Revenue. This is why lease audit has become a more common practice in medium and large corporations. The reason is: Although their corporate real estate departments spent a great deal of time and resources negotiating with the landlords for their favorable lease terms, each year millions of dollars are wasted by losing sight of those original lease terms, as a result of the landlord incorrectly interpreting lease clauses, or just because of human mistake. The net result is portfolio-wide overpayments and lost revenue to the corporate bottom line

Overcharges are not unusual in commercial leasing. Is your landlord overcharging you? It is very easy to find out by performing a detailed lease audit. Prodigy® is a firm specialized in real estate lease auditing. We have extensive experience in lease interpretation, lease negotiation and actual auditing to protect our clients’ best interests.

Prodigy® provides three types of commercial lease audit fees: flat fee, hourly charge basis and contingency fee basis. Our hourly charges give our clients a thorough lease audit well within their budget while the contingency fee basis means there is no out-of-pocket cost to you. That is, the contingency fee is based on the rent you saved from our lease audit.  Our lease auditing fee is reasonable; you can choose from the flat fee, hourly fee, contingency fee or a mix of them.

By appointing us as your lease auditor, you can:

• Recover Lost Revenue

• Improve Your Cash Flow

• Reduce Your Lease Obligation

Lease Consulting

Lease Audit is actually the second phase

Prodigy®, a professional consulting firm, helps our clients determine how their objectives fit with their overall strategic operational and financial plans. Please feel free to call me by using the contact information in the Contact Us page, we will be glad to give you a presentation on the concept of business processes management and/or lease audit so that you can have a better idea on how your company can be benefited.
 

To explore our web site, please hit the links in the above bar.  To browse our commercial real estate brokerage site, please go to www.prodigy.ca.  For the web site of our residential brokerage division, please go to www.ontario-real-estate.biz.  Enjoy!

® Registered Trademark of Prodigy Realty Corporation, used under license.   © 2010 Prodigy Consulting and leaseauditors.ca, All Rights Reserved.