Lease Administration

LORICO provides comprehensive services for both leased and owned properties that support commercial real estate professionals in identifying, cataloguing, and administrating their real estate portfolios. Lease administration services include creating a database of all the client lease documents, maintaining the database, and notifying the client of critical dates such as lease terminations and other reporting information. Lease administration services are ideal for owners of triple-net lease portfolios where tenants are responsible for the bulk of property level maintenance but notices, escalations but where important dates within leases need to be vigilantly monitored and lease provisions enforced.

LORICO’s lease administration services include:

• Lease review and lease abstracts
• Preparation of important date calendars
• Rent escalation schedules
• CPI increase calculations and collections
• Rent collections
• Debt payments
• Application for tenant reimbursements
• Maintaining insurance certificate/policy
• Common area collections
• Cash management and bill pay
• Review and processing of invoices
• Enforcement of payment obligation
• Payment of expenses, real estate taxes and utilities
• Consolidation of portfolio income into single verified payment with back-up documentation