Lease Audit Services
We save you time, risk and money
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
How A Lease Audit Can Boost Your Bottom Line
Portfolio Lease Administration & Advisory Team | Lease Administration Services
May 8, 2023
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 as an operating expense budget, and at the end of the year as an operating expense reconciliation statement. These expenses are subject to interpretation, and unfortunately, errors can be made, unbeknownst to tenants who end up needlessly overpaying.
Read MoreOperating Expense Reconciliation Season is Here: What Should Businesses Be Looking For?
Michael Cavell | Lease Administration Services
February 24, 2022
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 the prior year’s property operating expenses.
Read More