Occupancy Cost Auditing
We review landlord reconciliations, operating expenses, and pass-throughs to identify errors and recover overpayments.
Proactive Audits That Protect Your Margins
Hidden overcharges on CAM, taxes, and utilities can quietly erode profitability across a portfolio. Our Occupancy Cost Auditing team identifies and corrects these discrepancies by validating every charge against your lease terms, historical trends, and supporting documentation. We handle communication with landlords, property managers, and vendors to ensure fair, accurate billing and recover dollars you’re entitled to. With Property Works, you gain financial clarity, cost recovery, and long-term confidence in your lease expenses.
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Our Audit Process
A proven method for uncovering hidden costs and ensuring every dollar you pay aligns with your lease agreements.1
Data Collection and Review
We begin by gathering all CAM reconciliations, tax statements, and utility invoices, comparing them against lease terms and historical benchmarks to identify potential overcharges.
2
Lease Validation and Expense Verification
Our experts validate expense calculations, pro-rata shares, and exclusions outlined in your leases, ensuring charges comply with contract terms and market standards
3
Dispute and Recovery Management
If discrepancies are found, we manage the entire dispute process, communicating directly with landlords or vendors, providing documentation, and negotiating credits or reimbursements on your behalf.
4
Ongoing Audit Efficiency
Once resolved, we can implement annual audit programs or integrate ongoing lease administration and AP oversight to prevent future overcharges and maintain consistent savings year after year.
LEE AGULARSenior Accountant
“Since 2007, Rubio’s has been able to rely on Property Works to handle our lease administrative functions. We can always count on them to have our best interests in mind, and over the years, their expertise has been able to save us thousands of dollars by catching incorrect billings and providing proper analysis of our leases. I couldn’t imagine not having a resource like Property Works. They are truly an important extension of our accounting and facilities departments."
Brent StolzenthalerPartner
"In addition to comprehensive lease administration services, Property Works’ expert team negotiates our lease transactions. Property Works approaches every transaction as an opportunity to save money and achieve more favorable lease terms. They enable us to make informed decisions and focus on our core business. Over a period of 1.5 years, Property Works helped us achieve in excess of $984,000 in lease term savings."
CEO
“Our software program was obsolete. After looking at several options, our CFO attended a trade show where he discovered Property Works. Our relationship began in the late spring of 2013 as we began the transition. Although there may have been some rough patches along the way, they have proven to be a success. Property Works is dedicated and committed to their service. They are open, clear, concise with communication, very personable, and readily available. And yes, they really do know their stuff! All in all, it has been a pleasure to work with their entire team.”
Roger A. LockwoodChairman
“Property Works has managed our Taco Bell restaurant leases and their obligations for nearly two decades. In addition, they offer advice and useful information when problems arise or when new deals are being considered. Property Works has been consistently reliable, thoroughly professional, and always available.”
