Accurate and efficient lease administration is an important component of every building's tenant relations program. But when leases are poorly administered the property can be robbed of some of its cash flow and value through inaccurate billings, and property operations can be negatively affected with poor lease administration and tenants can lose trust in the landlord and the property manager.
While the lease may appear to be an intimidating document to people who have not studied it, it is a document that is relatively easy to understand. This key report will help do just that, by covering lease administration basics, including:
How good relationships with the tenants make lease administration easier and good tenant relationships are dependent on an effective, efficient and fair lease administration.
How to abstract a lease and who is qualified to do it.
How property managers must understand the commercial lease and how the different provisions effect the landlord's investment, the property and the tenant's right to operate a business in its premises.
How to calculate pass-through charges Shopping Centers and Malls, Office Buildings and Industrial Properties.