Lease administration is managing and monitoring commercial leases from the time they are signed until they expire. It is a critical aspect of real estate management, as it helps to uncover hidden costs in leases, which can ultimately impact a business’s bottom line. In this blog post, we will discuss four key areas where lease
Through proper lease administration, You may save a ton of money and exert a great deal of control and authority over your lease portfolios. Without proper lease administration, tenants often find themselves in a difficult position, with no recourse but to accept the landlord’s terms. This fact alone demonstrates why lease administration is so crucial.
Lease administration deals with lease management making your lease portfolio stay on top and helping businesses move forward with better decisions. Especially at the time of renewal, lease administration allows you to have control over the lease and it keeps you updated on lease terms and other dates. Not having lease administration, one might often
How real estate outsourcing services can help property management companies better focus on re-entry
As more countries and states slowly continue to reopen and organizations prepare to return to work, property management companies have got herculean work cut out for them. The pre-coronavirus work/office spaces now need to be completely reimagined in order to ensure social distancing and comply with new health and safety mandates. The path to recovery
Both Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) brought in sweeping changes, compelling real estate industry to rethink not just lease accounting but also lease administration processes. Aside from extensive regulatory changes, proliferation of digital technology, changing stakeholders’ expectations, volatile economic environment and intensifying competition continue to present daunting challenges