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Lease Management Services
For
those companies that require more than a simple spreadsheet
to track and manage their portfolio of leased properties, Pollina
Corporate provides a highly sophisticated and comprehensive
Lease Management Service. All existing leases are abstracted
and the data entered into Pollina Corporate's lease management
database. Pollina Corporate's software will generate monthly,
quarterly, and annual reports that delineate upcoming critical
dates,identify potential problems associated with operating
costs and taxes, and provide detailed expense reports and projections.
Pollina Corporate assumes responsibility for the day-to-day lease management issues, including, but not limited to the following: lease abstracting, facility data administration, database development, ongoing database management, preliminary escalation/operating expense and real estate tax evaluation, estoppel certification reviews, landlord-related dispute resolution, and customized portfolio reporting. The company needs are met without the burden of a fixed staff, but with the necessary expertise to administer the leases and monitor key decision dates, expenses, and tenant rights.
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SAMPLE: MONTHLY, QUARTERLY, AND ANNUAL REPORTS INCLUDING, BUT
NOT LIMITED TO:
- Total
rental payments
- Rent,
operating expense, and tax projections per lease
- Option
dates (e.g., renewal, cancellation, expansion, contraction)
- Annual
expenses detail (e.g. rent, real estate taxes,
operating expenses)
- Monthly
expenses detail
- Remaining
liability (SEC 5-year report)
- Rent
roll
- Space
sublet from other tenants
- Companies
or divisions in occupancy
- Inactive
leases - expired and pending
- Leases
by person giving approval
- Leases
with security deposits
LANDLORD/ TENANT ISSUES
- Assist in dispute resolution with landlords including, but
not limited to, the following:
- Maintenance
- Insurance
- Parking
- Common
area maintenance (CAM)
- Security
- ADA
compliance
- Operating
expenses and tax escalations
- Audit
rights
- Estoppel
certificate reviews
- Roof,
parking lot and HVAC maintenance and replacement
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