Who Benefits from Lease Administration
A Solution for the Whole Team
Lease administration is not only a solution for real estate teams. NLA’s lease administration service becomes integrated within our clients’ entire real estate process and strategy, which often encompasses accounting, legal, facilities, and management teams.
Benefits
Teams Served
Real Estate
- Never Miss a Critical Date
- Reduce Risk (i.e. Ensuring Renewal Options are Never Missed)
- Customizable Monthly Reporting
- Rent Variance Report For Easy Review of Month-Over-Month Changes in Rent
- CAM Reviews
- Collection of Tenant Improvement Allowances
- Landlord Dispute Resolution
- Manage Income and Sublease Tenants
Accounting
- Customized Rent Payment Report for Easy Upload into AP System
- Custom GL Accounts, Cost Centers, and Allocations
- ASC 842 Compliance Guidance
- Rent Invoice Review
- Collection of Security Deposits
- Collect Vendor W-9s
Legal
- Secure Lease and Legal Document Storage Organized by Location
- Guidance on Lease Language During Negotiations from Real Estate Experts
- Continuously Updated Lease Abstracts for Efficient Clause Review
- Review Estoppels for Accuracy with Lease
Facilities
- Tracking of Maintenance Responsibility Obligations
- Guidance During Emergency Maintenance
- Ability to Create Maintenance Tasks
- Depository for Service and Maintenance Contracts
Management
- Aid in Overall Strategy Decisions Based on Portfolio Analytics
- Reduce Risk and Complement Existing Team for Less Than Costs of FTEs
- Lease Assignment Reporting for Mergers and Acquisitions
Talk to an Advisor
Interested in learning more about our services? Please reach out to see if National Lease Advisors is a good fit for your company.
