What are Lease Administration Services?
For organizations with multiple locations or limited internal resources, outsourcing lease administration can be a game-changer.
Does your business operate in multiple locations, each with its own lease? Who is overseeing them—tracking critical dates, coordinating renewals and terminations, and ensuring compliance? Do you have a single, regularly updated source of information for all locations?
Without proper lease administration, many business owners find themselves facing lease expirations without enough time to analyze the market, consider expansion, downsizing, or relocation, and compare associated costs. Negotiating new lease terms can be stressful and may strain your relationship with your landlord.
At Atlas Management, we offer Lease Administration Services so business owners can focus on growth while our experienced commercial real estate team handles lease-related complexities. For organizations with multiple locations or limited internal resources, outsourcing lease administration can be a game-changer.
What is Lease Administration?
Lease administration for business owners is the process of managing and overseeing lease agreements to ensure all terms are being met, including tracking key dates, managing financial obligations, and maintaining accurate records. It is a critical function in managing a business’s real estate portfolio, yet it often gets overlooked amid paperwork and competing priorities. Business owners with multiple locations must track various lease terms and crucial deadlines—including renewal application dates, common area maintenance (CAM) reconciliations, and payment due dates. Without a structured approach and a central source of data, these important details can easily slip through the cracks.
The Benefits of Lease Administration
With ample notice of upcoming lease timelines, you gain more options beyond simply renewing in place or relocating. Have you considered negotiating a tenant improvement (“TI”) allowance or rent abatement to enhance your current space? Have you analyzed current lease rates and compared them to potential TI packages and incentives in a new location? Should your future renewal rates include arbitrary increases set by the landlord, or should they be tied to a more predictable metric like the Consumer Price Index (CPI)?
Atlas Management Lease Administration Service is a proactive approach that helps business owners stay ahead of key decisions, reduce risks, and capitalize on cost-saving opportunities—so they can get back to focusing on growing their business. Call us today to learn more!
