IDEAS home Printed from https://ideas.repec.org/a/aza/crej00/y2019v9i1p27-41.html
   My bibliography  Save this article

Audit rights: The gateway to proactive and sustainable portfolio governance

Author

Listed:
  • Patten, Jarrod M.

    (Founder, RRG, USA)

Abstract

Audit rights have never been more relevant with continued, accelerated global adoption of auditing as a mechanism through which to truly enhance portfolio governance. With heightened compliance demands and cost control objectives, corporations and governments are looking for means through which material, dynamic real estate portfolios can be turned into strategic assets. While lease audit programmes provide that solution, it is the audit clauses themselves, and the distinct rights within them, that make or break the opportunity and success levels of such governance initiatives.Audit right strategy is a leading indicator of savings and compliance opportunity. The intention of this paper is to explore ‘best practices’ to maximise audit right strategy in order to drive proactive and sustainable portfolio governance.

Suggested Citation

  • Patten, Jarrod M., 2019. "Audit rights: The gateway to proactive and sustainable portfolio governance," Corporate Real Estate Journal, Henry Stewart Publications, vol. 9(1), pages 27-41, September.
    • Handle: RePEc:aza:crej00:y:2019:v:9:i:1:p:27-41
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/5280/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/5280/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    lease audit; audit rights; savings; spend optimisation; cost control; accountability; compliance; operating data and insight; portfolio transparency; visibility; portfolio governance;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:crej00:y:2019:v:9:i:1:p:27-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.