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.
Instructors:
Albert Stabile
Vice President of Lease Audit,
Portfolio Services
CBRE|GWS Enterprise
Phone: (201) 681-0244
[email protected]
[email protected]
Matt Waters
Director of Lease Accounting and Sustainability
CoStar Real Estate Manager
Phone: (404) 731-1021
[email protected]
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
Course Grading:
Mid Term Exam – 40%
Final Exam – 50%
Class Participation – 10%