Grow your deal advisory firm
Add a narrow lease cost workstream to deal diligence.
Keep it apart from broad QoE and legal work. That split makes each finding easier to route.
Venable keeps deal review lanes apart. Its 2026 guide covers property contracts. Finance work has its own lane.
Compare other firm paths in the Practice Growth hub.
Add one clear service
Lease cost diligence can be a separate deal service.
The work starts with target company lease files. It checks CAM charges against signed lease terms.
The service scope guide defines fit. It also gives each issue a review owner.
That owner may be the QoE team. It may be counsel or the deal lead.
The CAM reviewer should not choose deal treatment. The reviewer should supply clear source proof.
Screen sites before review
A large location list can bury the ready files.
Start with a site census. Then mark the lease and statement status.
The multisite CAM review path uses four stages. Only ready locations reach full CAM review.
Missing files stay visible. They do not become assumed facts.
That keeps the broker's queue honest. It also gives each request one owner.
Treat EBITDA with care
A CAM flag does not create booked value.
Baker Tilly includes one-time costs in earnings review. It also looks at adjusted EBITDA.
The CAM proof ladder follows that rule. It keeps charges apart from findings. It keeps claims apart from credits.
The QoE lead alone sets EBITDA treatment. Open amounts stay outside booked value.
Clean the seller data room
One folder list is not enough.
Each location needs a year by year record. The record should name missing and disputed files.
Alehar's July 2026 update names gaps and owners. That rule helps a seller track each open file.
The seller CAM checklist builds that index. It links buyer questions back to source files.
Missing proof stays marked as missing. Counsel still controls what the seller shares.
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Use one deal route sheet
Keep four records on one route sheet. List the scope, site, proof, and seller records.
Name the next owner for every open row. That may be counsel, QoE, or the deal lead.
CAMAudit enters after a row has matched files. It reads the supplied lease and CAM records.
Its checks may flag billed items with source lines. CAMAudit can build a branded audit from reviewed findings.
Before delivery, your firm must review and sign. The route sheet sends it to the named owner.
For dispute work, CAMAudit may prepare a dispute letter draft.
It is not legal advice. Have counsel review it before sending.
Use the service line guide to frame this offer.
Sources
- Venable transaction diligence guide
- Baker Tilly guide, 2023-07-18, updated 2025-03-12
- Alehar seller diligence checklist