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.
![shutterstock_189588866-edit business colleagues standing in an office and looking at data on a computer](https://nationalleaseadvisors.com/wp-content/uploads/2020/08/shutterstock_189588866-edit-1024x682.jpg)
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.