Lease Audit

SGRNY has successfully audited leases and lease escalations (rent audits) for tenants and landlords. Our real estate experience lets us see Class A and other property operating costs.

Over fifteen years of experience advising real estate firms on all forms of leases to help clients realize cost savings. SGRNY has successfully represented both tenants and landlords in numerous lease and lease escalation audits (rent audits). Our expertise in real estate provides us with a clear picture of the actual operating costs for Class A and other classes of properties.

We identify savings opportunities for tenants, including overcharges, errors, and methods to reduce rent obligations. We assist you in obtaining landlord credits and refunds. Additionally, we have participated in lease reviews involving disputes between tenants and subtenants.

For landlords, we verify compliance with the lease's terms and alert you to any potential underbillings. If you have a participating interest, we evaluate the tenant's operating results to ensure compliance with the lease.

For Landlords and Tenants: During negotiations, we cut through complexities to find solutions that are acceptable to both landlord and tenant. We aim to reduce or eliminate the costs associated with arbitration and litigation.

We clarify all financial clauses, such as the accounting basis to be used (GAAP, income tax basis, accrual basis, or standard real estate accounting practices).