Services  >  Lease Audit

ARE YOU PAYING MORE
THAN YOU SHOULD BE?

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Our comprehensive and detailed analysis of all your lease-related payments will help you...

   AUDIT SMARTER   

ACTIVITIES INCLUDE

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• Cost reduction and expense recovery

• Desktop reviews

• Verification of all real estate related invoices

• Verification of all year-end operating expense and tax reconciliations

• Execute audit claim negotiation with landlords

• Customized reporting

HOW DOES THIS BENEFIT YOU?

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• Elevate fraud awareness and deter illicit activity

• Identify, develop and implement process improvements

• Ensure that the investment of time and money spent on negotiating lease clauses is captured by benefiting from those rights

• Get money back from your landlords by recovering overpaid amounts

CASE STUDY

PUTTING MONEY IN YOUR POCKETS

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The challenge

Our client, with numerous office leases across Canada, had not audited any of their leases for several years.  They felt that considerable overbillings could have been recovered from their landlords to generate significant savings.

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The solution

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We were mandated to plan and execute a lease audit strategy. We proceeded to audit all major office leases across Canada.

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The result

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Our audits resulted in recovery of over $1 million dollars of overpayments with some audits still ongoing. This process will also prevent erroneous billing practices from continuing.

CUSTOMER FEEDBACK

"Our real estate portfolio had grown substantially over the years both organically and through acquisition, which resulted in inefficiencies and a lack of formalized procedures.

Landmark was engaged at that time to assist in organizing CAE’s real estate information, assess our footprint and lease obligations, provide recommendations to reduce occupancy costs, and to execute on their recommendations where justified.

Landmark’s efforts resulted in significant recurring savings for the organization and we have since maintained a very strong partnership with them. With all services being offered in-house, Landmark has been able to proactively manage a wide range of real estate projects in an efficient and cost-effective manner.

The expertise, diligence and professionalism that Landmark has brought to the table is a refreshing change from the typical transactional approach."

Vice President

CAE (TSX: CAE, NYSE: CAE), a worldwide leader in training for the civil aviation, defence and security, and healthcare markets

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