Renting a commercial zone is a monumental duty as the chances of triumph or failure of your firm depends on the specified terms of the lease agreed upon by the corporate tenant. i.e. commercial lease terms. Before approaching a property owner, you must first understand how commercial leases operate and before signing your lease agreement, […]
Tag Archives: lease administration
Using a Lease Management/Lease Administration Software
If you’d ask any real-estate executive of a company, “how do you manage the lease portfolio of your organization?”, they are likely to offer you spreadsheets or other similar software as the answer. However, the increasing complexity of the lease accounting landscape has made it difficult to determine whether a lease agreement is following regulations […]
Your Guide to Building an Effective Lease Administration Process
Efficient lease administration process in any company aids the organization to achieve a scalable, streamlined and convenient processing of commercial real estate operations. It further helps in eliminating cost redundancy and unnecessary legal exposure. Unlike administration that merely deals with rent collection and lease obligation fulfillment, lease administration process can play a complex role in […]
Lease Administration: The Growing Real Estate Necessity
The U.S. Bureau of Labor Statistics (BLS) foresaw projections for Lease Administrators to grow at a faster than average rate of 10% from 2016-2026. Interestingly, Real Estate Sales Agents were projected to experience a 6% rise in jobs in the same period. Why Outsource Lease Administration? Very few businesses possess in-house, a lease administrator’s expertise. […]
