Lease administration is one of the key processes in real estate, and it constitutes various lease-related activities. Lease administration ensures the lease portfolio is up-to-date, and the Return on Investment (ROI) on the leases is higher for the tenants. So, what does an end-to-end lease administration service include? Right from lease portfolio maintenance and management,
Pandemic has completely changed how the world revolves. Many firms found the work-from-home option to be viable, which allowed them to focus on goals despite all odds. But for real estate firms, working away from the office made it quite difficult to stay ahead of the competition. Working from home through many challenges to employees
Lease administration is the management of the agreement in the real estate field. It includes administering all the tasks that are listed in the company’s lease portfolio. The tasks consist of various jobs like reporting, coordinating between stakeholders, managing documents, managing rent, and several administrative activities. Leases might vary from property to property; hence, every
Lease administration has evolved from being a support function to a more strategic role that allows industry players to optimize lease portfolio performance. An efficiently managed lease administration can help gain complete access to the lease portfolio, improve risk assessment and management, maximize recoveries, and ensure timely accounting and compliance. That said, given the wide
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
The US Law defines CAM charges as the expense that a tenant is expected to pay up on a pro-rata basis towards the annual maintenance, repair and operation of common utility areas, as incurred by the landlord / property owner. In the real scenario, CAM charges are basically whatever the landlord has mentioned in the