Lease Audit Services

Our full range of lease audit services help protect our clients over the long term ensuring proper lease compliance, recovering past landlord overcharges, and eliminating future overbilling disputes.

Modern office leases have become increasingly complex over the years with a myriad of additional rent charges and complicated escalation computations. Unintentional errors and misinterpretations of lease language are not uncommon when administering these provisions. Furthermore, changes in building ownership and management can exacerbate problems of consistency and accountability in landlords’ records and documentation over time.

Our experience shows that a comprehensive well-managed lease audit program administered on behalf of the tenant can save an organization upwards of $2.00 per square foot annually over the term of its leases.

Serten’s team of lease audit professionals analyze and investigate all tenant rent charges and landlord billings to ensure compliance with the specific lease provisions and standard practices found in the industry. If necessary, a complete review of landlords’ books and records is performed to document all expense claims by the landlord.

Our comprehensive reviews include a complete assessment of:

  • Base Rent, rent abatements, rent bumps, etc.
  • CPI and Porters Wage Escalations
  • Operating Expenses
  • Common Area Maintenance (CAM)
  • Real Estate Taxes including abatements and appeal documentation
  • Square Footage and Pro-Rata verification
  • Building occupancy gross-up calculations
  • Sundry Charges
  • Electric Sub-meter, Condenser Water, and Overtime HVAC Charges
  • Tenant Improvement

In addition, as a proactive measure, Serten’s lease audit team assists clients in negotiating optimal “pro-tenant” rent and expense escalation clauses into their new or renewal lease documents.

Our full range of lease audit services help protect our clients over the long term ensuring proper lease compliance, recovering past landlord overcharges, and eliminating future overbilling disputes.