Rental audit is carried out to ensure that, the charges paid by the rent paying party are correct. It is a comprehensive evaluation of lease or rental terms. It also involves a disciplined approach of review of rent agreement, lease documents, and other related documents. Additionally, this kind of audit can also include a review of the books and records of property manager and other public records.
Rental audits also known as Lease audits help businesses gain control over one of the critical expenses i.e. occupancy costs. It keeps you from paying excess amount, increase awareness of errors among property owners, improve internal controls, provide security, and identify areas for improvement. It reduces chances of foul play.
We provide the following rental services –
- Client’s lease portfolio is scrutinized thoroughly by audit company in Singapore
- Annual reconciliations, operating expenses and CAM charges are reviewed
- On-site audit services like field measurements are conducted
- Verification of actual square footage against that which is guaranteed in the lease document/ rent agreement
- Calculation of accurate real estate taxes
- Protecting the renting-in party against any deceit from the landlord and vice-versa, is the top priority of our auditing service Singapore
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