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Lease Audit Process

Recovery Process

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Disclaimer

CTS develops an analytical abstract of each lease interpreting financial terms. Billing histories are scrutinized to ensure a complete and thorough study of all escalations. They are then compared to the specific financial terms provided for by each lease evaluated.

The review examines base and subsequent year escalations including, where applicable, the following charges:

Operating Expense (OPE) / Common Area Maintenance (CAM)
Gross-ups
Electric Survey
Electric Utility
CPI, PPI, and other standard indices
Porter’s Wage
Real Estate Tax
Sundry
All Other Occupancy Related Costs

The initial review is invisible to your landlord. If material improprieties are discovered, CTS then, and only with a client's authorization, renders a comprehensive review of the landlord’s books and records.

CTS presents fully documented findings. The report issued details historic and future savings, as well as alternative strategies to achieve maximum recovery. After your review and approval, CTS then secures the recovery.


Copyright 2008 Commercial Tenant Services, Inc.