Stay in Control of Your Leases
Managing a portfolio of leases is complex and time-consuming, especially when balancing it with your primary responsibilities—whether overseeing real estate transactions, managing company finances, or maintaining critical facility operations. If you’re considering a lease administration service provider, Richvale Consulting is here to help.
Our lease administration professionals act as an extension of your team, providing expert support to streamline lease management, reduce risk, and uncover cost-saving opportunities. With Richvale Consulting, you gain the confidence and efficiency to focus on what matters most—your core business.
Our lease administration professionals act as an extension of your team, providing expert support to streamline lease management, reduce risk, and uncover cost-saving opportunities. With Richvale Consulting, you gain the confidence and efficiency to focus on what matters most—your core business.
What is Lease Administration?
The day- to- day management of financial commitments, critical dates and lease obligations throughout the lifecycle of a lease.
Why is it important?
The management of a lease is similar to managing a bank account effectively. While certain costs are static, most change and increase over time. A lease is no different. To manage a lease effectively, financial obligations and critical dates should be recorded, monitored, managed and scrutinized. In addition, it is important to understand, as Tenant or Landlord, who is responsible for what when it comes to repairs, maintenance and replacements.
Why Outsource your Lease Administration?
Our industry experts understand leases and have years of experience effectively managing small to large portfolios. The lifecycle and term of every lease is different and therefore imperative that each lease is abstracted, managed and maintained accurately. Our documented processes and procedures ensure accuracy, in addition to cost savings as we leave no stone unturned. Our reporting provides transparency and reliable data upon which our clients can rely on. In partnership with our internal lease auditor(s) we ensure a forensic review of costs, where allowable per the terms of the lease.
What We Offer?
- Ongoing lease critical data management
- Access to our secure, online lease administration system
- Monthly rent roll preparation
- Monthly rent change analysis
- Critical data reporting
- Lease data abstraction
- Critical data monthly reports generation and validation.
- Review invoices, balance ledgers, schedule payments based on invoices and lease terms, etc.
Let’s Talk