Tuesday, 29 November 2022 09:25

Commercial Lease Administration for Small to Medium Businesses

Is it a good idea to leverage commercial lease administration services for your business? How do these services differ from other types of property management companies? How exactly do you and your business benefit from these types of services? Well, we have the answers for you; Lavoro is here to help!

We specialize in a wide array of commercial real estate services from facilities management and lease administration to transaction management, office fit-outs, and more. We’re here to leverage our expertise for you today.

Benefits Of Commercial Lease Administration for Small to Medium Businesses

When you’re running a small or medium-sized business, you need to be able to focus on what matters most – growing your company and making sure that everything runs smoothly. That means having enough time to manage all aspects of your business, including the day-to-day operations as well as the long-term planning. So, the last thing you need is your commercial lease taking up the bulk of your time.

Commercial lease administration services can provide many benefits to businesses of all sizes. Here are just a few of those benefits:

Critical Date Monitoring

A quality lease administration service will help you manage your corporate property assets by tracking key dates for each lease. This service also ensures that the right stakeholders are notified at the right times so they can take action that will best benefit your company.

Your commercial lease administrator will additionally let the appropriate person know about any expired license, insurance policy, lease renewal, or rent adjustment that needs attention. When it comes to corporate real estate, there are few things worse than having your critical dates scattered across different systems. Missed opportunities can be costly, to the tune of hundreds of thousands, if not millions of dollars. Good lease administration services for commercial properties can help you avoid those types of mistakes.

Occupancy Cost Analysis

There are certainly many factors that influence the management of a corporate real estate portfolio; however, occupancy cost analysis is often one of the most effective tools for controlling expenses. At Lavoro Consulting, our CRE professionals will analyze your rent rates, reimbursement rates, operating expenses, load factors, one-off costs, and more to lower your overall cost structure.

Operating Expense/CAM Review

Regardless of what type of lease your business has (gross, net, or hybrid), you’re likely responsible for reimbursing your landlord for your share of operating costs. This includes any costs associated with running your business including utility bills, janitorial supplies, landscapers, and snow removal services. Your CRE specialist will calculate your estimated costs, actual costs, and reconciliation reports to ensure everything is correct and that you aren’t paying more than necessary.

Why Choose Lavoro?

Your company’s real estate commitments represent one of your largest expenses. And although internal staff might be able to manage one or two office sites, it can quickly become a burden to manage a growing portfolio. Lease administration services for corporate properties can provide key management personnel to assist in capitalizing on cost recovery and savings that will boost your bottom line.

Lavoro Consulting helps small and medium-sized businesses in both the private sector and the public sector. We've been working in the industry for 20+ years and provide commercial services for everything from transaction management and lease administration to strategic planning, facility fit outs, and ongoing facilities maintenance. We're here to help you get the most out of your corporate office spaces.

Schedule an appointment today, and let us show you what quality commercial lease administration professionals can mean for your business.