-
Lease Administration
Ongoing Lease Administration
Ongoing data maintenance is crucial for wise decision-making and lease administration. We provide the full suite of Lease administration services including ongoing lease abstraction, updating amendments, critical date tracking, Cost change letters, correspondence change letters, CPI rent review updates, document management, etc.
Our Lease administration team supports CRE companies, Property Managers, and Real Estate Investment trusts (REITs).
Our team is specialized in Event tracking, Critical Date tracking, updates, and updating Lease Events like Renewal, Termination, Payment processing, Invoice processing, and Tenant correspondence. We provide multiple reports like weekly trackers and monthly and ad-hoc reports.
We assist our Clients to minimize expenses, mitigate the risks, and yield optimal real estate service in the Lease administration services. We manage your lease databases, deliver accurate lease abstracts, and generate weekly or monthly reports. We handle broker, tenant, and landlord communication, and process invoices and statements.
Ongoing Abstraction
Amendment Incorporation
Critical Date tracking
Payment processing
Tenant and 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 Mobius, 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 and 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, the costs are calculated based on the Lease Conditions, which may include Tenant's Proportionate share, Base year calculations, gross-up, CAP on charges and increases, and a lot more. Our Lease Auditors will scrutinize all the cost calculations thereby revealing all irrelevant expenses and errors in the reconciliation and ensuring data accuracy.
We have performed audits and saved a lot for our clients. If you would like to know how we can save your Lease cost, get in touch with us!
Our desktop audit process covers
- Reviewing reconciled statements and invoices to identify the computational error.
- Validating the Tenant’s monthly expenses in contradiction to the Lease agreement.
- Verifying lease conditions and applying CAM invoices to 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.