Lease Consulting
The Schonbraun McCann Group's (SMG), an FTI Company, Lease Consulting Practice addresses the needs and concerns of landlords and tenants alike seeking guidance and protection. At a time when cost containment has become a business imperative, tenants are increasingly paying attention to occupancy cost expenses. Landlords areequally concerned about maximizing recoveries according to their contractual lease rights.
Lease Audit Services:
SMG's lease audit professionals, who include CPA's, lease administrators and lease abstractors, provide clients with an alternative to in-house services in today's competitive market.
Our lease audit services include:
- Operating and Tax Recovery Review or Preparation
- Desk Top Audits
- GLA and Proportionate Share Calculations
- Escalations for OpEX and Real Estate Taxes
- CPI Escalations, Porters, Wage, Utility and HVAC Recoveries
- Technical Expertise in Interpreting Complex Recovery Provisions
- Negotiating Settlement Agreements Arising from Landlord/Tenant Disputes
Lease Abstracting Services:
In addition, SMG employs a full team of lease abstractors to verify the integrity of client lease databases and provide a variety of lease abstracting services in a cost-effective manner.
Litigation Support:
When disputes over the interpretation of certain lease clauses arise, SMG's team of lease consulting experts can help negotiate on their client's behalf, with the primary objective being to avoid litigation. If the need to pursue or defend litigation is inevitable, SMG professionals can provide expert reports and witness testimony.
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