How lease administration teams can adapt to changing workplace dynamics

Abstract

How will your property make sure that all the important leasing tasks get completed? Compliance deadlines and key lease dates won't wait until you find the right candidate - your team still needs to handle lease administration, lease accounting, and abstraction. Grow your portfolio with outsourced lease administration A key action that forward-thinking real estate executives have recently taken is to outsource more mundane, time-consuming lease administration projects. With a reliable lease administration team, you'll be able to: Mitigate occupancy risks when managing your lease audits Make the most of your leasing data from reliable lease abstraction Avoid rent processing errors Overall, combining your leasing team with a flexible and dedicated outsourced team will help your organization save money, utilize key industry knowledge, and increase project bandwidth - ultimately reducing the impact of employee turnover on your business. Frequently Asked Questions What is a lease management system? A lease management system enables your real estate organization to pull all the lease information from across your portfolio into one centralized system capable of tracking any metrics that pertain to your business. Why is lease administration important? Lease administration helps organizations with large or complex portfolios make data-driven financial and strategic decisions and remain in compliance with all necessary regulations. How do you manage a lease? Managing your leases requires a set of processes and procedures designed to keep the information in your leases at the heart of your finance and accounting strategy. What is lease administration and abstraction? Lease administration is the act of performing daily tasks that pertain to the lease agreement binding a landlord and tenant.