Commercial real estate leases are living documents that provide Landlord and Tenant a written understanding of the responsibilities and obligations of each party. Leases are dynamic; they are subject to change and interpretation.

Unlike the Landlord, the Tenant’s core business is usually not real estate, and yet the Tenant must have just as firm an understanding of the Lease documents as the Landlord. With the ever-increasing complexities of commercial real estate, it makes good sense to establish partnerships with professionals in the real estate lease industry who can focus on all critical issues of a Tenant’s obligations. It is especially advantageous for the Tenant (client) to find a real estate professional company that deals exclusively with commercial lease administration.

To “administer” the lease portfolio of a client requires a depth of industry knowledge, a keen insight into the understanding of commercial leases, and a strong sense of due diligence on behalf of the Tenant side so that Landlord and Tenant are equals. As equals, the Tenant not only understands his obligations, but also those of his Landlord. “Lease Administration” is the combined art and science of ensuring that the Tenant side is fully aware of all obligations and is able to anticipate those obligations.