Real Estate Audits
Real estate occupancy expenses typically represent the second largest cost of doing business for most companies, following Human Resources. Partnering with CRS and our lease audit team is the first step towards streamlining and controlling the costs associated with leased real estate facilities.
With today's complex commercial property leases, it is imperative to verify the rent and additional rent obligations.
The following areas are included but not limited to in the Lease Audit: utilities, common area maintenance (CAM) charges, operating expenses, and tax billings, management fees, gross up calculations, cost of living adjustments, energy expenses and base year calculations. The audit ensures that they are administered in accordance with all lease provisions. Utilizing the experience of real estate experts, CRS performs a comprehensive audit of your lease portfolio and records to identify and recover overcharges as well as prospectively reduce occupancy obligations.
Benefits of CRS' Real Estate Audits solution include:
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Experience
Our consultants' depth of knowledge and experience is unmatched. CRS has recruited a seasoned team of real estate professionals that includes former property managers, real estate controllers, institutional asset managers, CPAs, architects/engineers, and property tax experts. Our broad set of skills enables us to address a multitude of issues affecting a tenant's occupancy while maintaining the integrity and sensitivity of the tenant/landlord relationship. |
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Highest level of performance
Our track record is results-driven. With thousands of lease and facility audits successfully completed and millions of dollars saved over the past 10 years, our clients are assured of receiving the highest level of performance while achieving the maximum savings and efficiencies from their real estate portfolio. |
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Optimize the value of your lease
Aggressive management of real estate expenses helps optimize the value of your lease portfolio. This value proposition delivers a strategic and competitive advantage. |
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Loyal Representation
CRS is not affiliated with any real estate brokerage or public accounting firm and does not perform services for building owners or managers. This independence allows for unbiased disposition of all lease-related cost issues and eliminates any potential conflicts of interest. |
Process
CRS utilizes a 3-step approach to lease auditing.
- The first step begins with a lease portfolio review and a preliminary analysis of each property's rent and additional rent obligations. CRS can determine whether the audit of a particular property is likely to produce recoveries, estimate the magnitude of those recoveries, and prioritize facilities requiring a full on-site audit.
- An actual audit of the occupant's records is then undertaken and a report detailing specific overcharges is prepared.
- Negotiation of the recovery is the final step. Our professional approach as well as our experience in negotiating politely and fairly with landlords ensures rapid resolution of any refunds. By understanding the sensitive nature of tenant/landlord relationships, CRS works creatively to identify solutions and reach mutually acceptable settlements of all disputes.
Cost Segregation Study
Companies that own their buildings can increase their cash flow by accelerating depreciation deductions and deferring federal and state income taxes through a Cost Segregation Study.
Click here to learn more about Cost Segregation.
Discover CRS’ profit improvement and risk management solutions for your company.
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