Lease and Asset Management
Lease Management is an important and fundamental requirement for the performance of a single property lease or portfolio.
Extensive experience of the leasing and property market is required for the assessment and strategic planning of a lease/asset in order to monitor and position for minimizing expenditure, improving income and the flow on effect for capital returns.
Professional management of leases utilizing appropriate systems will focus on the income/expenditure criteria, timely rent reviews, potential vacancies, strategy on lease expiries, and adopting a systematic discipline to tenant relationships.
Asset Management is a twofold discipline:
Firstly the governance of the expertise, systems, due diligence practices and resources involved in the day to day management and administration of the property or leases, and secondly, the 'value upfront' process of monitoring the performance of the asset or lease in its particular market and making judgments on potential market sensitivity or movement.
These two components of administration and monitoring are inextricably linked as they impact each other. Well managed systems with adequate forward planning derived from a business plan will ensure the asset is on target to meet its investment or corporate objectives.