Insights

Business Complexity Heightens Lease Audit Value

On September 9, 2014, The Times-Picayune story about a recently released Louisiana Legislative Auditor’s report detailing the terms and current cost obligations resulting from the Benson Tower lease signed in 2009 between the State of Louisiana and the family of Saints owner Tom Benson may have made headlines, but it shouldn’t have come as a surprise to the real estate community. This will prove to be a classic case supporting […]

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Prominent UK Law Firm Makes Case for Lease Audit

A recently published brief from Nabarro LLP, a prominent international law firm headquartered in London, offers yet another exemplary case for the value of a lease audit. The brief outlines a UK litigation case in which a landlord and tenant engaged in a dispute regarding service charge apportionment in the last year of a lease following the tenant’s notification to the landlord of intent to vacate. The dispute was centered […]

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Audit Rights: The Gateway to Compliance

Abstract/Summary This is the first installment of The Art of the Audit Clause™ series which is a four part series dedicated to audit rights. This installment will explore the overall importance of such rights as well as some of the challenges inherent to ensuring portfolio audit rights are optimized. This entire series will also be compiled by RRG into its WhitepaperSeries™. Introduction Lease auditing has never been more relevant with […]

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The Art of the Audit Clause

The Art of the Audit Clause™ series is a four part series dedicated to audit rights. The series will explore the overall importance of such rights, general terminology, provision prominence and structure in order frame guidelines and standards ensuring portfolio audit rights are optimized. This entire series will also be compiled by RRG into its WhitepaperSeries™.

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