Visual Lease was originally developed by KBA Lease Services, a real estate consulting firm specializing in lease auditing. Lease auditing is the validation of tenant obligations for building operating costs, taxes, utilities and other similar costs. It involves a specialized and disciplined review of lease documents, invoices and various other materials as well as a review of landlord books and records. Lease audits are contemplated by most lease agreements and are common in the commercial real estate industry. Lease audits help you:
- Recover overpayments
- Keep leases in compliance and bring them in line with original projections
- Increase landlord awareness of errors
- Improve internal controls
- Identify areas for improvement of future leases
To learn more, contact KBA at www.kbalease.com, or call 888.750.4500.
See what Mike Bell thinks about Lease Audits.