30-50% Cost Savings
Flexible Staffing
Specialized Expertise
OHI provides comprehensive and high-quality lease reconciliation, lease audit, lease administration services and lease abstracting services. Our team of experienced leasing professionals are well versed with the nuances and technicalities of industrial, retail leases and commercial lease abstraction services.
Our high expertise in real estate sector developed over 16 years helps us abstract and administer even complex leases with multiple renewal options, rent abatements, amendments, tenant allowances and complex passthrough of CAM charges among others. We are also familiar with real estate terms such as Hold Over, Radius Restrictions, Go Dark, Eminent Domain/ Sub ordination and Subletting.
OHI’s team has experience working in leading leasing and property management software such as Prolease, Lease Harbor, Yardi, MRI, Visual Lease, RE Flex, CoStar among others. Our lease abstracting services are used by many commercial and residential real estate companies in California, New York, Texas, Florida, Colorado, Kansas and Washington among others.
Commercial & Residential Real Estate Clients
Served 150,000 Units and 10 Million Sq. Foot Across Clients
Team Including CPAs, MBAs and Graduates. Leases are abstracted by accountants leading to high quality, well detailed abstracts
Superior Quality enabled by Two Level Abstract Review
California | New York | Texas | Florida | Georgia | Ohio | Colorado | Kansas | Pennsylvania | Oregon | Washington And More
OHI uses detailed lease abstraction templates to capture the key lease terms with proper section and page notations. Leases can also be tagged appropriately. Some of the salient features of our lease abstracts are as follows:
We provide abstraction of lease documents including leases, amendments, subleases, letters for commercial, retail, industrial, residential properties, equipment and cell tower leases.
Our basic lease audit service performs an initial review of individual leases verifying and reconciling all landlord charges including:
Significant time and efforts are incurred during due-diligence activities in real estate acquisitions. OHI’s team provides extensive acquisition support services to help your team’s due diligence efforts. These services can also be used to ensure correct lease and accounting data is integrated into your leasing and accounting systems.
Lease Administrator have experience in lease abstraction, lease administration, real estate accounting (including CAM reconciliation) with exposure to residential and commercial leases. They are well-versed with CAM reconciliation and are familiar with various leasing terms and clauses.
An original Commercial lease is a legal document covering all the financial and non-financial details of a business or a property. And since it is a legal document and used for several purposes. Therefore, commercial leases have to capture every […]
Commercial leasing of space can be a complicated business. However, every business needs to lease at least one, or usually more kinds of commercial spaces, be it office, retail or warehousing. In spite of being an inseverable part of any […]
Understanding lease words and terms help you fully comprehend your lease agreement. Below are some commonly used words and terms in lease agreements and their definitions: Common Lease Terms Base Rent The minimum rent payable by a tenant excluding all […]
Lease abstraction process refers to the way in which the important or crucial points covered in a real estate lease agreement are summarized. A lease abstract summarizes the key aspects of a lease agreement from a legal, business, and financial […]
The purpose of a lease audit is to conduct a thorough review of lease agreements to ensure accuracy, and compliance, and identify any discrepancies or non-compliance issues. It aims to protect the interests of the business by verifying that the lease terms and conditions are being followed and that the financial obligations are being met. Additionally, a lease audit helps in identifying potential overcharges, recovering any overpayments, and reducing financial risks associated with lease agreements.
Lease Abstraction Services offer several benefits, including:
-Simplifying complex lease terms into a concise format
-Enhancing visibility and accessibility of critical lease data
-Facilitating efficient decision-making and strategic planning
Lease Administration involves centralizing lease data management and includes tasks such as:
-Maintaining a centralized database or software system for lease information
-Managing rent payments, escalations, renewals, and expirations
-Improving operational efficiency and reducing errors in lease management
Yes, Lease Abstraction, Lease Audit, and Administration Services can benefit businesses of all sizes. Whether you have a small business with a few leases or a large corporation with a vast lease portfolio, these services can streamline your lease management process and ensure compliance.
