TESTIMONIALS
We had two 5 yr extensions, our option for renewal.
The rent and cam increased from 2000 monthly to 4500 monthly.
We contacted PRS and forwarded our lease to them for review.
It turns out, our original lease was written in a manner that the total square footage of the plaza, including vacant square footage, was to be used in the calculation numbers concerning our % of cam and tax contribution monthly to the landlord..The plaza was sold a number of times over the years.
All of the new owners were over charging us the above calculation based solely on the OCCUPIED SPACE, therefore our cost was MORE monthly for all these years than they should have been.
We gave Mr. OConnell and the staff of PRS, full power to discuss this with the landlord on our behalf.
They could not double talk their way around him as they did with us.
This is his expertise.
At the end of the day, he recovered approximately 45k for us and we stopped paying any rents or cam charges to the landlord.
We were in the final year of our lease. The landlord, a big firm out of Manhattan, did not pursue. We left the plaza in December of 2020.
This would never had happened if not for Dan O'Connell and the staff of PRS.
We strongly recommend that all entrepreneurs, big or small, have PRS REVIEW your lease.
Vincent S.
Dapper Dan Dry Cleaners