​Take a proactive approach to assessing your lease administration.

  

Prior to establishing a comprehensive audit program, Chelepis offers a lease administration assessment to review your current processes and identify areas of improvement and potential for immediate savings.

 

A selective assessment can compare a sample of leases to their abstracts including critical dates and rent payments.  

 

A comprehensive assessment would include:

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• Ensuring lease abstract accuracy

• Evaluating timeliness of rent payments and estimates

• Assessing responsiveness to landlord communications

• Confirming receipt of annual reconciliations, statements, or other rent related notices

• Establishing best practices for the estoppel process

• Cataloging of key lease dates

 

Additionally, an effective lease administration team will create a database of key lease dates for every location that requires a reconciliation of tenant’s estimated payments. Chelepis has trained lease admin teams on how to create and maintain such reconciliation tracking databases.