Ongoing Lease Administration
Maintaining accurate and up-to-date data is critical for making informed decisions and ensuring effective lease administration. At Zeal CRE Services, we offer a comprehensive suite of lease administration services, including continuous lease abstraction, amendment updates, critical date tracking, cost change letters, correspondence change letters, CPI rent review updates, and document management.
Our lease administration team supports CRE companies, property managers, and real estate investment trusts (REITs). We specialize in event tracking, critical date updates, and managing lease events such as renewals, terminations, payment processing, invoice processing, and tenant correspondence. We provide various reports, including weekly trackers and monthly and ad-hoc reports.
We help our clients minimize expenses, mitigate risks, and achieve optimal real estate performance through our lease administration services. We manage your lease databases, deliver accurate lease abstracts, and generate regular reports. Additionally, we handle communication with brokers, tenants, and landlords, and process invoices and statements efficiently.
Ongoing Abstraction
Amendment Incorporation
Critical Date Tracking
Payment Processing
Tenant & Landlord Correspondence
Invoice Processing
All Ancillary Services
Our Process and Approach for NNN Reconciliation:
NNN Reconciliation
Zeal CRE Services is specialized in CAM Reconciliations service. With our experience, we ensure a thorough review of invoices and property lease documents to deliver the cost-benefit for our clients. We offer a flexible CAM reconciliation service for commercial property owners and management companies across the globe. Our extensive experience working with global clients and the combined approach we follow helps us streamline the complex processes, thus maximizing the revenue opportunities.
Any expenses overlooked during CAM reconciliation could lead to considerable financial loss to either of the involved parties. At Zeal CRE Services, our team of lease experts analyzes the landlord’s property ledger, cross-checking CAM invoices and tenant lease documents to ensure the charges computed to comply with the lease agreement. We review all Lease documents, previous year reconciliation statements, Invoices, GL Expenses, and all related documents.
Quick Turnaround Time
99.9% Accuracy on Financials
Make & Check
Effective Tenant Correspondence
Extended Support
Lease Audit
An audit is essential for cost savings. Commercial building operation includes several services performed by many service partners. The cost of all such services is part of the operating cost. Furthermore, these costs are calculated based on the lease conditions, which may include the tenant's proportionate share, base year calculations, gross-up, CAP on charges and increases, and more. Our lease auditors will scrutinize all the cost calculations, revealing any irrelevant expenses and errors in the reconciliation process, thereby ensuring data accuracy.
We have performed audits and saved significantly for our clients. If you would like to know how we can save on your lease costs, get in touch with us!
Our desktop audit process covers
- Reviewing reconciled statements and invoices to identify computational error.
- Validating the tenant’s monthly expenses againt the Lease agreement.
- Verifying lease conditions and applying CAM invoices to a standard audit template.
- Applying PRS share and calculating expenses accordingly.
- Calculating escrows paid by tenants and notifying landlords of additional expenses.
Zeal CRE Services supports the below additional activities:
- Rent roll analysis and audit.
- Tenant move-in and move-out updates.
- Percentage rent calculation and gross sales updates.
- Mailing parties for Lease obligations and correspondence.