In response to the COVID-19 pandemic, businesses are seeking opportunities to rationalise costs and get better visibility across their portfolio. Foundational portfolio data and the insights it provides plays a key role in effective real estate portfolio planning, helping to avoid assets being under-utilised, opportunities being missed and excess and inaccurate charges being paid.
We offer a scalable lease administration platform that is designed to support a diverse set of needs:
JLL’s Lease Administration services lay the foundation for effective real estate portfolio planning, providing the ability to turn data into insight and impact, mitigating risks, helping you to make informed portfolio decisions and reducing costs associated with incorrect lease charges.
Each portfolio is managed by one of our seven Centres of Excellence across the world. Our experts abstract leases, create databases, track and manage critical data in order to maintain the accuracy of our clients’ portfolios. We manage notices, implement detailed processes and audit operating expense escalations, producing regular customised reports.
42% of organisations globally outsource lease administration activities, with 36% expecting to outsource more by 2020
Our Lease Administration services are scalable, with three levels of service available. Each of these offerings is fully supported and serviced by JLL specialists:
- Flexible lease essentials – for organisations that do not require dedicated lease administration staff. It provides a cost-effective entry-point into portfolio management, incorporating analysis and management of essential critical lease data and events, as well as required reporting. This offer leverages CoStar’s Core Data technology.
- Database management – includes the management and analysis of a comprehensive portfolio database. Leverages SOC1 certified service using JLL’s RED technology
- Financial management – an enhanced solution including monthly reviews of landlord invoices. Savings are negotiated with the landlord and reported on quarterly
Would you like to know more about lease administration? Contact us using the form below, we will contact you as soon as possible.
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