Landlord billing errors are more common than you may think, and could be costing you thousands of dollars. Lease auditing isn’t just an accounting function, it’s a real estate strategy that requires expert insight. The right tenant representation team can help you uncover and even recover unnecessary charges, often with no upfront costs. In his latest article, Hughes Marino executive managing director, Scot Ginsburg, shares five of the most commonly missed errors that he and the Lease Audit and Administration team at Hughes Marino see in tenant leases. Learn more in Scot’s article below!
Executive Managing Director ? Tenant & Buyer Representation: Lease Renewals, Restructures, Workouts, Relocations, Expansions, Contractions ? Author: It’s Not All About The Rent ? Board Member: San Diego BioMed, CONNECT
???Landlords make billing errors—are you paying too much???? (Here’s how to find out & fix it.) Most tenants don’t realize that lease auditing isn’t just an accounting function—it’s a?real estate strategy?that can save you?millions. Here are?5 costly billing errors?we’ve uncovered for our clients: 1???Tenant Reimbursements?– Are you paying for above-standard services that should be covered by your landlord? Many tenants do, without realizing it. 2???Gross Up Errors?– Landlords often “gross up” expenses to a?95-100% occupancy rate—but if they get the calculations wrong,?you overpay. 3???Capital Expenditures?– Your lease may prohibit passing through?big-ticket repairs?or require amortization. If not reviewed carefully,?these hidden costs add up. 4???Parking & Non-Office Areas?–?Retail areas, fitness centers, cafés, parking garages—their costs might be mistakenly included in?your?operating expenses. 5???Ownership Expenses?– Legal fees, entertainment, and tenant relations costs should be on the landlord’s tab—not yours.?Check your lease. ???Action Step:?If your lease includes an?audit right, you may have limited time to exercise it.?Review your expenses now. ???The best part??Lease audits often require?no upfront costs—a portion of your savings covers the review. We’ve helped tenants recover?millions. If you’re leasing space, it might be time to?audit your lease.??? Drop a?“YES”?if you want to learn more. ??