2210+

Projects Handled

5M

Data Processed

23+

Languages Handled

4+

Fortune 500 Clients

Why Choose Springbord

  • High degree of financial acumen and technical competence
  • Accurate analysis, including of any addendums or amendments
  • Expertise in 17+ Lease Software (Lease Harbor, Visual Lease, ProLease, Lucernex, Accruent, Costar, MRI, Yardi, Tririga and more)
Quicker turnaround
Experienced resources
Industry best practices
Confidentiality of Data

What we do

  • Tenant Move-in, Move-out, Termination and others

    Update on any movein/moveout and any amendment updation.
  • Gross Sales Update

    Update on tenant gross sales and bill percentage rent
  • Critical Date Management

    Track the critical dates as specified in the lease
  • Certificate of insurance (COI)

    To track the expiration and availability of the current COI.
  • Security Deposit:

    Deposit movein/moveout
  • Tenant Correspondence

    Sending letters to tenant on lease activity notifications and request on lease obligations

What we offer

In commercial real estate, lease administration has emerged to be a key strategic function to ensure portfolio optimization, cost containment and risk mitigation. However, most companies lack data management skill, infrastructure and expertise in lease administration, which restrict their ability to manage this function effectively. Inadequate focus on lease administration can result in underutilized assets and missed opportunities to optimize cost and streamline operations. It can also make it increasingly challenging to stay compliant with regulatory standards such as FASB and IASB lease accounting standards.

Springbord offers comprehensive lease administration services to support property managers, commercial real estate owners, retail managers and real estate investment trust (REIT). We help optimize portfolio management while remaining compliant. Whether it is commercial, residential, office space, retail, tower or ATM, we have been closely working with some of the leading real estate players helping them contain cost and drive strategic planning. Our lease administration services include:

Lease Abstraction:

Collect, standardize, and consolidate unstructured data and convert in user-friendly format to make analysis easier, simpler, and faster.

Due Diligence:

Extract critical details including deed of trust, promissory note, identify inefficiencies and improve revenue opportunities.

Lease Data Migration:

Convert, migrate, audit and integrate lease data with all the major accounting and financial and property management systems.

CAM Reconciliation:

Accurately allocate recoverable expenses across tenants, maximizing receivables and in turn profitability.

Lease Audit Services:

Ensure billing is accurate and as per lease terms, identify any financial miscalculations and recover overpayments.

Multilingual Leases:

Abstracting multilingual leases require specialized skill. Our team is adept in abstracting multilingual leases using advanced solutions by extracting and managing critical lease data while ensuring accurate and exact interpretation.

Who we serve

Mortgage Lenders

Investors

Brokers

Commercial Real Estate Firms

Property Owners

real estate investment trusts (REITs)

Languages Handled

  • French
  • German
  • Spanish
  • Italian
  • Portuguese
  • Dutch
  • Polish
  • Swedish
  • Romanian
  • Russian
  • Turkish
  • Georgian
  • Norwegian
  • Slovakia
  • Danish
  • Arabic
  • Hebrew
  • Chinese
  • Japanese
  • Greek
  • Mandarin
  • Korean
  • Vietnamese

Case Study

The Challenge: Abstracting a Large Portfolio of Leases
The Solution: Ensuring Accurate Data Validation
Results: Achieving Accurate and Cost-Effective Lease Abstraction

  1. Delivered high level of accuracy, with 100% quality check done for all abstracts to ensure delivery excellence
  2. Optimized resource utilization through a committed team with the right skills and process expertise for managing the end-to-end process
  3. Provided significant cost advantage by ensuring quick turnaround with fewer resources, making the process cost-effective

WANT TO KNOW MORE?

Want to learn more about how we can help you improve data quality and optimize its potential?