Do you have the right lease administation program for your needs?
Let us provide lease administration services that are efficient and help eliminate double work for the Accounting and Lease Administration teams.
Lease accounting and lease administration teams often end up doing the exact same data-entry tasks, taking hours out of each department’s day. Lease accounting and lease administration teams need to know rent amounts, rent and operating expense payments timing, and key lease term dates. The lease repository needs to ensure lessors are paid according to the lease contract. The accounting team needs the same data to calculate each contract’s ROU asset and lease liability to create the amortization schedule and meet requirements for ASC 842 and IFRS 16. Any time the rent or lease term changes, accountants and lease administrators need to know that information.
When companies implement technology using one person to enter shared data, it reaches both lease accountants and lease administrators, and a well-executed lease administration program can be that tool. The right lease repository syatem will provide key CRE leaders and management personnel with the strategic advantage of understanding the real estate portfolio and its impact on the company’s P&L.
Our goal is to be your outsourced partner for the long term. We want you to feel confident knowing our highly skilled team is on your side and will put your success first. The lease administration services that we can offer include abstracting leases, managing key leases dates, establishing key metrics to evaluate the commercial real estate assets, reviewing rent payments and interacting with landlords. Our lease audit team analyzes common area maintenance (CAM) and operating expense charges to ensure landlords are complying with the terms of each lease. And, we assist in preventing erroneous landlord charges which will allow your firm to recognize immediate savings and avoid costly overcharges in the future. Our portfolio team also provides strategic corporate real estate advisory services, financial modeling and analysis, facilities management consulting, and tenant finish project management in the supervision of construction teams. For more information, contact:
