RRG’s main goal, regardless of landlord and/or property manager type, is to audit and analyze all charges incurred to ensure compliance with the respective lease provisions, Generally Accepted Accounting Principles (“GAAP”), real estate benchmarks, marketplace standards, legal precedent and the intent of the parties.

More specifically, RRG’s comprehensive audits include, but are not limited to, a review of the lease files, the financial files, reconciliation statements, operating expense statements, tenant payment histories, landlord payment histories, base rental streams, rental adjustments, general ledgers, management fee calculation methodology, real estate taxes, standard utilities, after hour/overtime HVAC, parking, repair and maintenance expenses, insurance, vendor invoices, service contracts, interviews with building personnel, interviews with applicable vendors, consultation with taxing authorities and consultation with utility suppliers.

RRG believes that the general, macro recovery opportunity in any audit campaign includes, but is not limited to, errors/non-compliance in the following: operating expenses, real estate tax pass-throughs, proportionate share computations, base year calculations, gross-up calculations, cap calculations, rental streams, CPI/base rental escalations (when applicable), capital improvements/expenditures, utility pass-throughs, electricity usage, after-hours utilities, management fee calculations, HVAC, ADA compliance, payroll and insurance. On a micro recovery level, the number of recovery permutations is immeasurable. It is this fundamental variability that defines the dynamism of each lease audit that is undertaken.

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