Lease Auditing Services
During
the past 10 years, lease audit (also known as rent audit, CAM audit, TMI audit and
additional rent audit due to the major problem area is in the common
expenses) has become a more common practice in medium
to large corporations in the US. 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 ultimate problem 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 lease audit.
Prodigy
is one of the several firms in Canada that have the ability to perform
competent lease audit on behalf of the clients.
We have extensive experience in lease interpretation, lease negotiation
and actual auditing to protect our clients’ best interests.
Most
of our clients use our lease audit services on a contingency fee basis
with no out-of-pocket cost to them. That
is, our service fee is based on the rent you saved from our lease audit.
Others hire us on an hourly paid or flat fee basis. A combination of these
three options is also available.
By
appointing us as your lease auditor, you can:
Ø
Recover Lost Revenue
Ø
Improve Your Cash Flow
Ø
Reduce Your Lease Obligation
We
can help you to determine how your objectives fit with
your overall strategic operational and financial plans. Please feel
free to contact us, we will be glad to give you a presentation on the
concept of lease audit so that you can have a better idea on how your
company can be benefited.
Please note: Although Prodigy's staff
may include lawyers and accountants, the services rendered by Prodigy
Consulting are auditing and consulting services and not legal or accounting services.
Prodigy Consulting
– Commercial Real Estate Consultants
