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Lease Administration
Lease management, also called lease administration, is the process of overseeing your lease portfolio. It tracks and optimizes real estate and equipment leases ― so you lower costs and achieve compliance. Complex real estate portfolios can be difficult to manage. The real estate lifecycle has many moving parts, from site selection to construction project management, to lease administration and lease accounting to transaction management. Corporate real estate professionals need to pay attention to myriad details that can have significant impacts on the bottom line. Lease management is a critical piece of this equation. It may not be as flashy as building a new retail store or as exciting as establishing a corporate presence in a new location, but it is a critical function that affects what is typically the second-highest expense for most companies.
Lease administrators are responsible for accurately tracking, reporting on, and optimizing property and equipment obligations. When done correctly, lease management manages and optimizes real estate and equipment leases — so you achieve compliance, mitigate risks, and lower costs. Managing a portfolio of leases can be incredibly challenging. If you are considering bringing on a lease administration service provider, you are likely balancing your primary role – be it managing real estate transactions.
Many real estate and finance organizations struggle with lease data consistency and accuracy, resulting in a lack of critical real-time information for meaningful portfolio decisions and financial compliance. At the same time, manual, redundant and disjointed processes generate high operating costs and make executives question the quality of their lease operations results. Discover and resolve landlord overcharges, prevent unnecessary lease extensions, and integrate our services so as to best capitalize on market opportunities and generate return on investment.
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