This seminar is designed for internal auditors, corporate lease management department personnel, CFOs and legal department personnel of tenant companies, CPAs in public practice; cost recovery specialists; business managers and administrators of law firms renting substantial space in office buildings; attorneys interested in prosecution or defense of overcharge allegations and potential CPA malpractice in connection with landlord company audit clients.
The seminar will be workshop format and interactive as opposed to lecture, with emphasis on relevant mathematical concepts and real world circumstances. Participants are encouraged to present actual lease situations and questions. Attendees are expected to obtain an improved practical understanding of commercial lease overcharge practices plus their identification, recovery and avoidance.
8:30 a.m. - 9:00 a.m.
I. Lease Auditing Introduction
II. Basic Cost Reimbursement
Concepts And Related
9:00 a.m. - 9:20 a.m.
III. Consumer Price Index – The Abbott And Costello Method
IV. Consumer Price Index When Less Than 100% Of Change Is Allocable
V. Where To Find CPI Data
9:20 a.m. - 9:45 a.m.
VI. Phantom Costs Related To
VII. Realty Tax Jump-Off Scam
VIII. The First Day Of The Sixth
IX. The Budget To Budget Slight Of Hand
9:45 a.m. - 9:55 a.m.
9:55 a.m. - 10:10 a.m.
X. Space Outside The Window
XI. Proportionate Share
10:10 a.m. - 10:40 a.m.
XII. Space Measurement And
XIII. BOMA Standards
XIV. The Fixed Denominator Over Time
10:40 a.m. - 10:55 a.m.
XV. Double Payment Of Operating Expenses
10:55 a.m. - 11:40 a.m.
XVI. Telltale Overcharge Language In Leases
XVII. Drafting Considerations Of Additional Rent Provisions
XVIII. A Note To Litigators
XIX. CPA Liability Outside The Engagement
11:40 a.m. - 12:40 p.m.
Lunch (On Your Own)
12:40 p.m. - 1:00 p.m.
XX. The Garage Gig, In Two Parts
1:00 p.m. - 1:15 p.m.
XXI. Electric Meters And “Independent” Billing Companies
1:15 p.m. - 1:35 p.m.
XXII. Realty Tax Gross-Up Errors
XXIII. The Affect Of Free Space Given To Other Tenants
XXIV. Sales Tax On Energy Costs
1:35 p.m. - 1:55 p.m.
XXV. “Most Favored Nation” Lease Provisions
1:55 p.m. - 3:30 p.m.
(Break 2:45 p.m. - 2:55 p.m.)
XXVI. Key Elements Of The Overcharge Recovery Process
XXVII. “Auditing” Procedures
XXVIII. What If You Have To Sue To Recover?
3:30 p.m. - 4:30 p.m.
XXIX. Discussion On Actual Leases Submitted