Lease Audits

Lease Audits

Is your telecom or billboard lease meeting all of its terms and conditions? Have you recently (or ever) had your lease reviewed by a telecom real estate professional? One that ONLY represents and/or advocates for property owners? Over the last decade, we’ve reviewed more than 7,000 leases and uncovered a multitude of deficiencies.

The following are just a few of the issues we’ve found, and helped correct:
  • Miscalculated Revenue Share
      - Newark NJ – a lease audit discovered the tenant was underpaying the landlord’s revenue share- the result, $30,000 additional rent per year.
  • Property taxes not paid
      - Atlanta GA- landlord received $15,000 reimbursement for property taxes.
      - Portland OR – landlord was reimbursed for 16 yrs. back taxes.
  • Unpaid Utilities
      - Seattle WA – helped landlord receive lump sum reimbursement for tenant use of electrical utilities.
  • Improper Access and Utility easements
      - Houston TX- tenant was using improper access & utility easement- lease was amended and landlord received rent increase.
  • Tower built 20' above Lease Agreement
      - St. Louis MO -There were 2 carriers above the stated lease height- landlord received large lump sum and $2,000 increase to monthly rent.
  • Site built outside leased area
      - Orlando FL- Lease was renegotiated since it was built in the wrong place-landlord received cash bonus and increase to the monthly rent.
  • Escalator Miscalculated
      - Charlotte, NC- a lease audit uncovered miscalculated rent increase- landlord received lump sum cash payment.