|
Commercial Leases, just
like many other legal documents and indentures have seen major
changes over the past 15- 20 years. During the economic growth years
of the 1980s, real estate developers were building shopping centers
and office buildings very aggressively to capitalize on the economic
boom this country was going through. To fill these new facilities
with Tenants, developers turned to an array of aggressive leasing
strategies, and had to get even more aggressive and enterprising to
fill the old buildings that were being vacated by business seeking
to make their address the newer buildings.
Of course,
with these expensive contemporary structures came increased
maintenance and costs to protect and sustain the beauty of the
facilities. At the same time, Landlords and developers were still
experiencing the normal inflationary increases in operating
expenses, taxes, insurance, and utilities. Most of these costs, if
not all of these costs, are usually the obligation of the Tenants,
and the Landlords "pass thru" these expenses. However, as the
economy and the real estate markets began to suffer, the
availability of new Tenants began to diminish, and the developers
and landlords were stuck having to absorb a larger portion of these
rising costs.
BC Compliance
Group (BCCG) is a multi-disciplined professional contract compliance
firm specializing in Real Estate Accounting -- the review and
analysis of the economic components of a commercial Lease that are
applied by Landlords to determine the financial obligation of the
commercial Tenants. BC Compliance Group can help you find
and fix those problem areas and blind spots and recapture any and
all lost profits. Call us today for a free, no-risk analysis.
There's no way to lose by calling us now.
Why Lease Audits Can Save You Substantial Money
A
typical Tenant in a leased facility invests quite a bit of time and
money negotiating and drafting the terms of a lease for their
business. As time passes, the Tenant starts to receive additional
rent bills for items such as Real Estate Taxes, Operating Expenses,
Common Area Charges (CAM), Insurance, & Rent Escalations, to name a
few. All of these additional obligations can be complex and
confusing to a tenant when presented for payment, but many times are
considered in accordance with the terms of the Lease without
verification and analysis. In many cases, the tenant may be
obligated to pay for charges or increases, but the calculation used
by their Landlord or the Landlord’s Property Management Company, may
be incorrect. As simple as it seems to calculate the charges, the
truth is the vast majority of commercial Tenants are significantly
overpaying for their allocated share of the costs it takes to
operate a commercial facility.
BC Compliance Group, LLC (BCCG) is committed to ensuring that these
complex leasehold issues are properly administered. Our detailed
Real Estate Accounting analysis is designed to identify
discrepancies and inconsistencies existing in the billing methods
and systems of Property Management firms, and the contractual terms
and conditions of the Lease.
Our in-depth analysis has resulted in recoveries ranging from $2.00
per square foot to over $8.00 per square foot. BCCG's method is
based on over 30 years of Legal and Accounting experience combined
with strong negotiating skills. Most importantly, our fees are based
fully and completely on our results. |
