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What is Lease Review?
Lease review and lease administration allows you to
reduce time constraints by understanding lease details before making a
commitment.
LeaseProbe reviews commercial real estate companies, landlords,
tenants, brokers, attorneys and mortgage lenders. LeaseProbe will
study the lease status, evaluate costs, discern the true effective
dates of obligations, explore expense and tax issues.
Why does LeaseProbe perform
lease reviews
for clients. Because potential buyers waste millions of dollars in
overpayments to their landlords. Occupancy costs, in the form of rent,
taxes, or common area maintenance, represent some of the more
substantial expenditures incurred by corporations and other
organizations. You need to protect yourself from grossly inflated
costs.
The purpose of a tenant lease review is to identify
inconsistencies between what the lease agreement obliges the tenant to
pay and what the landlord actually charges.
Businesses, through a tenant lease review, can often recover
one tenth of one percent of all occupancy costs incurred during an
audit period. Tenants may be able to identify discrepancies that could
return anywhere from tens of thousands to hundreds of thousands of
dollars in misspent funds to the company's coffers. In the past,
companies may have had the luxury of choosing not to spend their time
and resources in reviewing and recovering the overpayments; but in
today's downsized, right-sized, reengineered, and restructured
business environments, recovering misspent funds is a matter of
survival.
LeaseProbe will help you negotiate and obtain favorable lease terms
and is committed in helping you to ensure that the best deal is put
forward on the table. LeaseProbe
lease review
and administration is all part of making and securing deal.
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