CRS offers Lease Administration
Services that can be configured to match the varying levels of
involvement desired, from interpreting and assembling property
information into client systems, to handling all aspects of
administration, including payment of bills.
- Lease Abstracting
- Critical Date Tracking
- File Organization
- On-line Reporting
- Bill Processing
- Data Migration
CRS expertise and systems
deliver complete solutions, providing a fully functional and
customizable online Lease Administration reporting platform, LeaseBase™.
More importantly, CRS provides the seasoned staff that gets the
portfolio on-line-reading and abstracting leases, organizing files,
evaluating and refining systems for lease tracking and bill
Lease Abstracting CRS Lease abstracts provide clear, concise, complete
descriptions of key lease clauses, including basic business points,
critical dates, expense-related issues, tenant's rights, obligations,
and miscellaneous provisions.
File Organization CRS File Organization and Lease Abstracting services
can be utilized to improve or complete existing systems or to assist
clients in getting their data into any software system.
Bill Processing CRS reviews and vouches all lease-related bills and
maintains billing records and payment schedules. At the Client's
option, CRS can receive and process bills directly from
Critical Date Tracking CRS provides the expertise to create a
complete, online database for each Client that reflects their real
estate commitments, tracks them over time, and provides routine status
reports on their current and future options, rights, and
Data Migration Our IT staff can assist in expediting data transfer
with Client systems and format and deliver data and spreadsheet files
on disk to meet Client reporting needs.
Lease Monitoring Post audit reporting and activities review, focus on
preventing overcharges before they happen and giving the client all
the information it needs to proactively manage the leasing
Vouching of Invoices CRS reviews and vouches all lease-related
invoices for the portfolio. If the Client prefers, we will review only
those bills sent from the Client.
Pre-Audit of Leases A key function of the CRS Lease Administration
process is to conduct Pre-Audits of leases and identify, report to the
Client, and resolve errors and overbillings. Savings from these
activities are passed on directly to the Client as part of CRS Lease
Transition Services For Clients that wish to take some or all of the
Lease Administration Program back in-house at a later date, CRS will
develop a transition program that can include ongoing support and
LeaseBase™ systems maintenance.