Abstract
Until recently, lease administration and audit services were a reactionary effort to combat cost reductions as poor lease language played the culprit in leaving millions of dollars on the table for space users. When lease administration and audit teams take a proactive approach to examining lease language in the early stages of drafting (tackling areas such as tenant improvements, taxes, expenses and auditing), opportunities are created for a negotiation process that ultimately evolves into more favourable terms for the tenant. Simply put, without intelligent, proactive and comprehensive lease administration and audit programmes, tenants will continue to blindly fall victim to landlords and miss out on the inevitable savings that go along with them.
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