Preliminary Lease Review
At no charge, LAAS will perform a preliminary review of a client’s lease(s) and rental charges including a complete market expense comparison to determine whether a full Lease Audit of landlord records is warranted.
Comprehensive Lease Audit
Our base service entails a comprehensive audit of individual leases verifying and auditing all landlord charges including:
- Base Rent (including free rent and rent abatements)
- Operating Expenses
- Common Area Maintenance ( CAM)
- Real Estate Taxes
- CPI Escalations
- Porters Wage Escalations
- Sundry Charges
- Electricity and Submeter Charges
- Overtime HVAC Rates
- Tenant Improvement (T/I) allowances
Portfolio Audits
Utilizing our proprietary diagnostic software, LEASESCAN™, LAAS will analyze a client’s lease portfolio to determine which leases may benefit from a full landlord audit.
LEASESCAN™ performs a complete market comparison of a building's expenses and isolates categories of excessive expenditure using a refined statistical screening model.
Space Verification
Conduct field measurements of client’s premises to verify actual square footage figures against those stipulated in the lease document.
Lease Clause Consulting
Assist client in drafting and negotiating new or revised lease language regarding rent escalation clauses and tenant audit rights to help minimize escalations over the lease term and protect the tenant against overcharges. LAAS has developed pro-tenant language and compiled a comprehensive list of exclusions regarding the definition of "building operating expenses”. |
Leading provider of commercial lease audit services to premier office tenants. For over 20 years, LAAS has been a lease audit service pioneer, credited with coining the term "Lease Audit" and helping create and develop lease audit programs. Call on us to assist you in conducting a lease audit.
Let us prepare your lease audit with our lease audit program, lease audit services and our expertise in conducting a lease audit |
