Lease Interpretation and Compliance
Does this sound familiar: A property management firm is delinquent in supplying year-end tax and CAM reconciliations and you’re too busy negotiating leases for your upcoming new-store openings to review the previous month statements to make sure that they were will billed correctly.
Better yet—four of the mall properties where you have stores lost their anchor store at sometime during the past year. Do your contracts contain clauses for rent relief due to the loss of that anchor? Maybe so, but you have budgeted for full rent payments anyway—so who cares, right?
Wrong.
Cadence Lease Auditing services negotiates millions of dollars in financial recoveries for many of the nation’s leading retail tenants. Our experience shows that one-in-every-four leases we audit warrant a claim, with the average recovery at nearly twenty-five cents per square foot! You want proof? We’ll give it to you through client testimonials and references. Want to know which national retail tenant has Cadence review thousands of leases each year and receives millions in return? Give us a call.