Global Lease Administration

SKJ Juris Services Pvt. Ltd.Urban and Civil

Jan 14, 2020 (5 days and 8 hours ago)

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The corporates and businesses across the globe run their establishment by paying rent for the facilities they lease or running them on their properties/ real estate. Some of the corporates also rent out the facilities they own, which acts as a passive source of income for them. This whole set of processes and procedure is coined under the term lease administration and comes under the department of real estate of the organization. 

Global Lease Administration
The corporates and businesses across the globe run their establishment by paying rent for the facilities they lease or
running them on their properties/ real estate. Some of the corporates also rent out the facilities they own, which acts as
a passive source of income for them. This whole set of processes and procedures is coined under the term
lease
administration
and comes under the department of real estate of the organization.
Global lease administration of the corporates and business involves the management and monitoring of the rental
payments, modifications or changes done by the tenants in the terms, and handling the amendments in the lease. While
these chores may be done internally or can be outsourced, outsourcing is the most feasible and efficient option for
bigger businesses.
Why outsourcing is better?
As the global lease administration involves numerous transactions in the organization’s portfolio, the complexity rises
exponentially. To eradicate this complexity, automated management systems are to be used, but they also eventually
fail at higher workloads. Prominent firms across the globe have gained immense expertise in this domain by integrating
the latest technology. With this, they can easily access a variety of features that engulfed time and energy.
Perks of outsourced lease administration:
When the lease administration process is outsourced,
● All the crucial dates of payments are duly notified, ensuring cost savings in aspects of penalties or additional
charges.
● This ensures that all the transactions are duly mentioned in the ledger. Furthermore, this fosters transparency in
the whole organization. The ledger is a centralized database whose accessibility can be customized as per
requirement.
● With the help of the unbiased insight of the organization, the decisions can be executed more efficiently and
easily on the grounds of better financial capabilities and knowledge.
● Risk mitigation is efficiently done, as the data is secured and untampered. Even if the corporates/ businesses
lose the record, the backup is ever-present without any compromise in confidentiality.
● With effective and proper outsourcing, the charges can be easily determined, identifying their trend and
discovering any discrepancies.
Every corporate or business aspires that their portfolio is well managed and administered, ensuring saving in the
finances, hike in the organization’s efficiency and mitigation of the risks involved. A better lease administrator will co-
ordinate with you closely and monitor that all the requirements are duly met, without failing to any of the compliance.
In global lease administration, the lease abstracts play a very crucial role as they easily provide all the necessary and
relevant information in one place without any hassles. Hence it is very crucial to have the right and proper lease
abstracts.
Specialized in providing legal services across the globe, SKJ Juris provides the highest quality
lease administration
at the
lowest possible costs. They also provide superior lease abstracts to their clients, making them the global leaders in the
arena of global lease administration. With their help, the corporates and businesses can easily review their transactions
belonging to real estate. Due to their efficiency, knowledge and superior services rendered, in comparison to their peers,
they have built a long clientele of satisfied and happy clients from different parts of the world. They ensure that there is
no compromise in the service rendered in any aspect including confidentiality.