"Smart companies do it. I advise all clients who have largerleases after two to three years to audit leases," Jim Vanderslice,senior vice president of private capital investment in Dallas forSanta Ana, CA-based Grubb & Ellis Co., tells GlobeSt.com. "Thetenant doesn't have to do it, but I think it's important that anytenant 5,000 sf and over take a look at it." The need isparticularly critical if buildings change hands or the tenant hasbeen in its space a long time, he says.

In a benchmark survey, the New York City-based DeloitteFinancial Advisory Services LLP found 84% of 200 corporateexecutives realized cost reductions from lease audits, of which 41%reported "significant savings." On the owner side, 74% reportedlease reviews resulted in expense recovery.

Deloitte's Dallas team will be hosting seminars Nov. 19 and 20for lease administration and audits, respectively, for tenants,property owners and corporate account executives. The sessions willbe held in Deloitte's office at 2200 Ross Ave. in the Downtown.