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Complete abstraction of lease data
- Detailed understanding of all critical lease dates, dollars,
and clauses with appropriate data populated into the CLAS database
- Scanning of all legal documents into the CLAS database in
preparation for Hyper linking
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Continuing
maintenance of the CLAS database as a totally web-enabled program in
order that Client can view all client’s lease data along with all
standard reports on a 24/7 basis
Comprehensive Lease Administration services for Client’s lease
portfolio, including Client’s position as tenant or landlord
- Identification and reporting of critical dates
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Verification and reporting of all recurring base rent obligations
or income
- Verification and reporting of all recurring Landlord pass-through
obligations (Operating Expenses, CAM, Taxes, Insurance, etc.)
- Identification and reporting of all options and rights
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Creation of an Electronic
filing system of all pertinent documents by means of scanning into
PDF format for viewing on the web
Robust package of standard reports to display important information
to service basic requirements of lease administration
Verification of Rent Roll for recurring expenses- Proven methodology of making certain that you are not
paying excess rent
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Verification of Lease base rents and additional rents
- Verification of Landlord pass-through expenses
- Comparison to your rent roll (what you are paying to Landlord
each month)
- Variance reporting of discrepancies
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Reconciliation of
Discrepancies as a result of Verification of Rent Roll-
Advising client to seek correction
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Seeking reconciliation on your behalf
- Referral to outside auditors for difficult cases
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Additional administration of
income producing leases (client in Sublandord position)-
All standard service items
-
Monthly Subtenant statements
- Maintain accounts receivable records for each Subtenant
- Calculation of late charges
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