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Lease Administration

The Newmark Lease Administration team offers comprehensive insights and strategic planning for portfolios, advanced technology solutions, and swift, detailed reporting. We help clients manage lease contract data, compliance, rents, and audits.

Overview

Our team is versatile and skilled with technologies popular in each segment. We generate accurate estate and equipment lease accounting data in compliance with FASB Topic 842 and IFRS16 standards.


Our Services

Discover and resolve landlord overcharges, prevent unnecessary lease extensions, and integrate our services so as to best capitalize on market opportunities and generate return on investment. Below is a comprehensive overview of our Lease Administration services.

Lease Administration Consulting

Advisory services for clients who leverage their own workforce.

Multi-Language Lease Abstraction & Document Management

Abstraction and management services which include several checks and reviews to ensure data accuracy.

Desktop Reviews & Lease Audits

Services performed by dedicated cost control team to minimize client rent and ensure that landlord billings associated with pass through rent is correct and consistent for each lease.

Transition Services

Services which safeguard a smooth, seamless change process, regardless of portfolio size or complexity.

Contract Data Management

Services which track critical data for each property and provide required notifications.

Reporting & Analytics

Both standardized and fully customized reporting to meet the business and reporting needs of each client.

Global Rent Management/Payment

Verification, payment and reporting of lease-related financial obligations.

Rent Receivable Billing and Collection

Invoicing and collection of subtenant rent.

FASB/IFRS Lease Accounting Support

Support services and technology systems to ensure compliance with lease accounting rules.

System Evaluation and Implementation

Utilize our multi-platform expertise to review, select and implement optimal lease administration technology for each client.

Our Approach

Quality Control Processes

We recognize the importance of quality data and have structured our teams to ensure the capture of accurate and complete information, as well as to mitigate potential risks.

Cost Savings and Recoveries

Our ability to find and resolve landlord overcharges, avoid unnecessary lease holdovers and capitalize on real estate market opportunities delivers a high return on investment.

Experienced Professionals

Our lease analysts have an average of 15+ years of real estate experience with cross-functional backgrounds in property management, accounting, corporate real estate and real estate law. We become an extension of your company so that you can focus on your core business strategies.

Performance Management

Our methodology and our people are critical components of our success. Together with our clients, we establish Key Performance Indicators (KPIs) to measure overall quality and performance. Clients have the opportunity to evaluate the service levels they receive on a monthly, quarterly and yearly basis.