Lease Audit
Even the smallest oversight can cost your company thousands of dollars. Lease expense invoices are some of the most complicated documents your company receives. They often contain complex calculations based on detailed interrelationships between the actual lease contract, building operations and maintenance costs. Lack of expertise about these enigmatic issues can dramatically affect your bottom line. The Lease Audit services offered by Chelepis & Associates is your solution.

Every clause in your lease contract can potentially impact your monthly rent bill, and you won't find a better interpreter than Chelepis & Associates. We have the experience and training needed to translate the words on paper into reduced occupancy costs and increased profits.

Our lease audit team consists of attorneys, CPA's and property management specialists who are fascinated with the small details of the fine print. They understand the intricacies of issues like common area maintenance, kilowatt hours, HVAC costs, real estate tax allocations and BOMA square footage standards.

Our auditors conduct a thorough, specialized analysis of the lease provisions, operating costs of the building and escalation calculations built into the landlord's operating costs. We carefully scrutinize each term of the lease to discover cost-saving opportunities. Finally, if discrepancies are found, we negotiate a financial settlement with the landlord.

For over 20 years, Chelepis & Associates has helped save more than $100 million to our clients. We know that's a language every business can understand.

Analyze operating expenses and real estate tax escalations · Examine space charges · Review Base Rent and CPI calculations · Verify after hours HVAC charges · Recalculate square footage measurements · Review gross-up calculations · Offer lease renewal assistance
 
   
 
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