Occupancy Cost Recovery

Real estate leases represent a significant expense. While most clients focus primarily on their investment holdings in order to contain costs and reduce exposure, others are unable to devote the time or resources necessary to identify and recover erroneous overcharges that are hidden within complex lease clauses, convoluted reconciliations and unexplained expenses. The large audit, tax and real estate advisory firms are not staffed and equipped to devote the time and expertise necessary to identify and recover erroneous overcharges.

Our nationwide team is staffed by professionals with more than 20 years experience devoted exclusively to real estate audit cost recovery. Our occupancy cost audit provides the solution to recoup substantial dollars in overcharges. We review every facet of the client’s lease to recover billing errors, maximize lease compliance and control future occupancy costs. Our comprehensive approach provides optimal results for the following expenses:

Common Area MaintenanceMinimum RentConstruction Costs
Real Estate Taxes Pro Rata ShareStatement of Credits
Percentage Rent UtilitiesTenant Allowances
Repair & MaintenanceSubtenant billings Insurance
Unapplied creditsCPI AdjustmentsClosed store costs


Benefits
  • Our fee is contingent on the savings delivered - - no out of pocket expense to the client
  • Our cost recovery fee is not billed the client until the recovery dollars are paid by the landlord
  • All go-forward savings belong to the client
  • We bear all audit costs; none are passed on to the client
  • Minimal disruptions to client’s staff since we rapidly evaluate vast amounts of data
  • Sensitive to client operations, confidentiality of legal documents and landlord relationships
  • Ongoing commitment to recover substantial dollars over the life of each lease client bears
  • Proprietary web-based data base allows client access to status of claims and recoveries
Customer Results
  • Regional Grocery Chain - $9.5M in recoveries
  • Regional Grocery Chain - $10.4M in recoveries
  • Regional Grocery Chain - $6.7M in recoveries (after first six months)
  • Nationwide Department Store - $19M in recoveries
  • Nationwide Coffee Co. - $5.8M in recoveries (less than 2,000 locations audited)
  • Nationwide Sporting Goods Chain - $11.1M in recoveries
  • Nationwide Home Improvement Chain - $25.8M in recoveries
  • Nationwide Drug Chain - $8.1M in recoveries (less than 2,000 locations audited)

Contact Me About:

SUCCESS STORY


Hospitality
CANDID’s experts successfully reduced base year assessment $65.0 million for a resort hotel due to classification of intangibles/going concern. This resulted in annual tax savings of $650,000!
In one case, we reduced the taxable value of an assisted living community 30% due to the recognition of intangibles/going concern — saved our client $360,000 annually!
READ MORE