RBJ

Recent Lease Audit Recoveries

September 2009

Class A Office Tenant - Los Angeles, CA
officebuilding32

Lease Size: 30,521 SF
Claim Sent: Apr-09
Recovery Date: Sep-09
Claim Amount: $221,637
Recovery Amount: $194,231

Major Issues
Incorrect Base Year Calculations, Management Fees, Insurance, Capital Costs







Read More

July 2009

Class B Office Tenant - Dade County, FL
officebuilding

Lease Size: 69,747 SF
Claim Sent: Sep-08
Recovery Date: Jul-09
Claim Amount: $418,471
Recovery Amount: $279,071*

*Additional $50-60,000 future savings (per year)

Major Issues
Non-complicance of Controllable Expense Cap, Capital Costs




Read More

July 2008

Restaurant Pad at Major Mall - Los Angeles County, CA
commercialstorefront

Lease Size: 20,820 SF
Claim Sent: Jun-07
Recovery Date: Jul-08
Claim Amount: $497,556
Recovery Amount: $375,577*

*Additional $90,000 future savings (per year)

Major Issues
CAM and Property Tax Apportionment Errors, Property Tax Direct Assessments, Electricity Charges, Pro Rata Share Discrepancy


Read More