Audit Your Real Estate Lease Agreements

Audit Your Real Estate Lease Agreements

Audit Your Real Estate Lease Agreements

Are you taking the time to audit your real estate lease agreements?
They can often be interpreted as fixed or static, and many hospitals don’t immediately see any possibilities to reduce costs associated with them.
As a result, real estate leases are often an overlooked opportunity for hospitals and their savings.
It’s not always a function of price either. In fact, it’s primarily an audit function because these leases often have many moving parts.
There are significant costs in CAM charges, the charges that sit outside of the base rent or are not reflected in a credit. It’s important to keep a pulse on and get clear on utility costs, snow removal, lawn maintenance, and other fees that sit outside of the actual rent cost. CAM charges can often add 30%-40% to a hospital’s lease costs.
And, if a particular element of a real estate lease contains an error that hasn’t yet been uncovered, there’s a capacity for that error to be compounded each year if it isn’t addressed, leading to a greater increase in costs.
Hospitals also tend to put a degree of trust in their outsourced property management companies. However, in our experience, these companies are often not doing an in-depth analysis of bills. They’re simply focused on getting the bills paid, which again can lead to unclaimed opportunities in reducing costs.
Regardless of the exact structure of your current real estate lease, conduct a thorough audit to ensure you aren't leaving any cost-saving opportunities on the table! Click To Tweet
Need assistance with your real estate audits? Get in touch with VIE Healthcare®.

Lisa Miller

Lisa Miller

Lisa Miller is a consultant, speaker, and podcast host. Her consulting firm, VIE Healthcare, has provided services to over 1,000 hospitals and organizations since 1999.

Share: Audit Your Real Estate Lease Agreements

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

DOWNLOAD FREE REPORT

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Learn how these five principles can help you reduce costs immediately.

VIE Healthcare 15 Effective Cost Savings Strategies Report Cover Image

A strategy developed from analyzing over 5,000 hospitals

A simple step-by-step plan in plain language

Proven processes to organize and motivate your team to find savings

We protect your information

Recent Research Reports
Categories
Archive Search

DOWNLOAD FREE REPORT

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Learn how these five principles can help you reduce costs immediately.

VIE Healthcare 15 Effective Cost Savings Strategies Report Cover Image

A strategy developed from analyzing over 5,000 hospitals

A simple step-by-step plan in plain language

Proven processes to organize and motivate your team to find savings

We protect your information