DALLAS, TX – National Lease Advisors (NLA) continues to deliver measurable value to its clients, nearing $3 million in lease-related recoveries in 2025 through its rigorous lease administration and audit services. By uncovering billing errors, enforcing lease terms, and managing complex lease arrangements, NLA helped its clients recover a total of $2.7 million across 30+ sites in just the first half of the year.
This milestone marks the third consecutive year that NLA has exceeded the $1 million threshold in savings, continuing a trend of consistent, high-impact results.
What Drove the Recoveries?
NLA’s proactive approach to lease administration combines detailed lease abstraction, ongoing reconciliation reviews, and hands-on landlord communication. The 2025 savings came from a broad range of recovery types—including CAM overcharges, subtenant misbilling, base rent errors, unreturned security deposits, and more.
2025 Recovery Highlights:
- $1,106,891 recovered for a client due to subtenant billing oversight. NLA’s reconciliation led to accurate pass-through billing of base rent, CAM, real estate tax, and utilities.
- $354,415 saved for a retailer by removing CAM charges improperly included in a gross lease.
- $212,679 secured for a financial services client after a Real Estate Tax Base Year reset was overlooked.
- $141,438 in missed passthroughs recovered for a client’s subtenant at a Boston location.
- $135,196 in CAM savings negotiated for a financial services client due to outdated Base Year charges.
- $60,000 recovered for a healthcare provider due to misapplied Admin Fees and Mgmt Fees.
- $44,788 reconciled and recovered for a client following outstanding charges from an assignee.
These audits didn’t just yield one-time refunds—they also corrected billing methods moving forward, locking in multi-year savings for many clients.
Recovery Categories
| Recovery Type | Notable Value |
| Subtenant Billing | $1.3M+ |
| CAM / Operating Expenses | $1.1M+ |
| Security Deposit Audits | $75K+ |
| Base Rent Schedule & Percentage Rent Corrections | $53K+ |
| Utilities, TIA, Misc. Invoice Review | $40K+ |
A Proven Track Record
NLA’s 2025 performance continues a strong pattern of year-over-year results:
- 2023: $1.2M in client savings
- 2024: $1.5M+ recovered across CAM, OpEx, insurance, and reconciliation reviews
- 2025: $2.7M and growing
“Every lease tells a story—and too often, that story includes preventable overcharges,” said Michael Muna, Vice President at National Lease Advisors. “We protect our clients by ensuring that every charge is justified, every clause is enforced, and every lease obligation is followed.” These results demonstrate how effective lease audit recoveries continue to drive measurable value year after year.
A Diverse Client Base
From global office tenants and fast-growing retailers to healthcare groups and financial firms, NLA’s lease administration services continue to serve a wide variety of industries and portfolio sizes—ranging from 5 to 1,000+ locations.
Looking Ahead
As companies scale and real estate costs rise, the potential for overcharges and missed reimbursements continues to grow. NLA remains committed to delivering precision, transparency, and financial results that directly support clients’ bottom lines.
To learn more about how NLA can improve your lease portfolio performance, visit www.nationalleaseadvisors.com or request a complimentary lease audit.