This course provides the student with an in-depth understanding of Lease Administration and the role of the Lease Administrator. It covers all aspects of Lease Administration, from the receipt of a new lease, through expirations and renewals, to property turnover. The class will delve deeply into critical lease terms, several types of rents and operating expenses, and dispute resolution.
A well-structured and meticulously planned lease administration program offers advantages to both landlords and tenants in managing their real estate information. The quality of information management directly impacts the decision-making process for day-to-day real estate activities.
Implementing robust business processes, procedures, and a clearly defined structure, complemented by necessary enhancements from software solutions, can improve internal and external customer service, enhance efficiency and productivity, and effectively minimize missed opportunities while generating substantial savings.
This is course 3 of a 4 part series, if you have not yet completed Course 1 – Introduction to Lease Administration and its Terminology, and/or Course 2 – Lease Abstration please sign up for those courses first.
Instructor:
Albert Stabile
Vice President of Lease Audit,
Portfolio Services
CBRE|GWS Enterprise
Phone: (201) 681-0244
[email protected]
[email protected]
Every Tuesday 7pm ET – 8:30pm ET
Prerequisite: The student should have some basic knowledge of contracts and/or commercial leases
Class Material:
Materials will be provided in class
Equipment: Financial Calculator and Dictionary of Real Estate Terms
Note: This course is comprised of 10 classes, each 1-1/2 hours long. Classes are held from 7:00 – 8:30 p.m. on Tuesdays, commencing April 9, 2024, and ending on June 11, 2024.
Course Grading:
Mid Term Exam – 40%
Final Exam – 50%
Class Participation – 10%
Live Attendance Certificate Requirements
Participants will earn one credit for each live class attendance, twenty-eight total credits are required to earn a Certified Commercial Lease Administration Certificate (seven credits per course)