Dedicating your time, staff or budget to lease management might seem like a waste of precious resources. But consider the possible effects of inaccurate lease information. Perhaps your records contain just one incorrect date, which causes you to neglect a renewal option. This one incorrect date can result in the loss of a space that is vital to the daily operations of your business. Or maybe you are looking to downsize and dispose of your surplus assets. In this case, an incorrect date might leave you stuck in a costly space over the long term.

 

Centralized lease information is essential to mitigating risk and managing vacancy.

 

Centralizing your lease management processes can also lead to the recovery of fees and allowances—sometimes totaling millions of dollars. Whether you are responsible for managing four or 4,000 leases, a lease administration program is the cornerstone of strategic real estate planning and portfolio management.

 

Jones Lang LaSalle’s lease administration practice is dedicated to managing your leases. Our lease administration experts have developed state-of-the-art technology and thorough, detailed procedures to ensure that you have accurate, current lease information whenever you need it. Reliable lease information will help you budget, prepare property summaries, make decisions and advise senior management. Auditable processes also make Sarbanes-Oxley compliance easier.

 

By selecting Jones Lang LaSalle to provide lease administration services, you’ll enjoy the following benefits: