Hughes Marino’s Lease Audit team helps
companies achieve significant savings.
Each year office tenants spend millions of dollars above and beyond their base rent in operating expenses. Unlike the rental rate that is negotiated and spelled out in the lease document, these operating expenses are subject to each property owner’s operating and accounting procedures.
While we do not work for landlords, our vast experience working with them gives us an inside look at how they operate, as well as the action steps needed to challenge charges and recover money. Landlords are purposefully vague in their operating expense statements; they know it isn’t your area of expertise. This is where Hughes Marino steps in. We hold landlords accountable for mistakes as well as unscrupulous behavior, making them comply with lease provisions and industry standards—recuperating past overpayments and revealing unsubstantiated charges.
With a commitment to our clients that goes well beyond the lease signing, Hughes Marino’s lease audit service helps clients navigate through these charges and achieve savings while maintaining good landlord relations.
Interested in learning more? Read our Lease Audit Service success stories.
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Commercial Lease insights
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Each year, commercial tenants collectively spend millions of dollars above and beyond their base rent in operating expenses. Unlike the rental rate that is negotiated and spelled out in the lease document, these operating expenses (OpEx) are subject to each property owner’s operating and accounting procedures. These charges are presented to tenants twice a year—in the beginning of the year…
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It is truly remarkable, and just a bit worrisome, how many people use Microsoft Excel to keep track of their real estate lease information. While it works well if you are only tracking a few key dates and terms for one or two leases, if you have six or more locations, Microsoft Excel is definitely not the best solution to…
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This is the time of year when you can expect to receive your landlord’s operating expense reconciliations for the prior year. You have likely noticed in previous years that these reconciliation statements are often lacking in detail or they are sometimes presented in a way that doesn’t give you the information you need to understand the “where” and “why” regarding…
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Imagine trying to manage your leasing portfolio, with renewal and termination option notice dates, security deposit or letter of credit reduction dates, tenant improvement allowance use-by dates, insurance renewals, expansion & contraction options, base rent increases, and other critical dates in an excel spreadsheet, all while simultaneously juggling your other job functions? Maybe you don’t need to imagine—this could be…
