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Lease Expense Review
Confidential - Publisher
CLIENT
Confidential - Publisher
SPACE
N/A
INDUSTRY
Publishing
CRESA TEAM
Maria Nenciu
CRESA OFFICE
Toronto, ON
SERVICES PROVIDED
Lease Expense Review
CLIENT OBJECTIVES & RESULTS
CLIENT OBJECTIVES
- - Cresa Toronto was asked by a well-known publishing company to review their main office’s financial obligations to ensure property taxes and operating expenses were properly charged.
RESULTS
- - Cresa Toronto’s review uncovered multiple significant errors such as:
o duplicate administration fees
o recovery of hazardous material expenses
o recoveries of building exterior renovation, and more
- When brought to the landlord’s attention, they immediately acknowledged the errors.
- Cresa Toronto’s client was provided with a $96,000 credit.
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© 2024 Cresa Toronto Inc., Brokerage
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