Manager, Lease Administration (MLA)

The Manager, Lease Administration will handle reviewing and interpreting commercial leases as well as update the accounting software for approximately 20 properties and about 400 leases as well as overseeing calculations of all rental obligations.   Qualified candidates must be able to handle multiple projects concurrently, be detail-oriented, have excellent organization and follow-through skills, and be able to provide the highest level of both internal and external customer service.  The candidate must be able to understand, interpret and abstract complex commercial lease terminology, have strong knowledge of Microsoft Excel and Word, and proficiency using lease management databases, possess strong written/verbal communication and critical thinking skills as well as be able to work independently yet thrive working in a team.  Bachelor’s degree preferred with minimum three years of experience in lease administration.

The MLA duties and responsibilities include:

  • Perform the review of detailed commercial real estate lease abstracting of financial and non-financial lease clauses into multiple commercial management software
  • Understanding of lease compliance for all lease-related payments, including base rent, percentage rent, operating expense (CAM), real estate tax and insurance obligations
  • Assist and support all departments in understanding lease documents or providing lease details for due diligence of property evaluations
  • Assisting with tenant account questions and disputes
  • Process and monitor leases from post-execution through expiration of lease term
  • Generate and post monthly recurring rental charges
  • Calculate and post annual tenant operating expense reconciliations
  • Perform all calculations for budgeting potential rent and operating expense recoveries
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