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Commercial Lease Administrator

Company: Addison Group
Location: Reston
Posted on: May 12, 2022

Job Description:

Job DescriptionTitle: Commercial Lease Administrator Pay: $70000 - $90000 / yearType: Direct HireProcess: in-person interview in-officeLocation: Vienna, VA

  • Position is in-office 5 days/week with potential for hybrid 2-3 days per week Responsibilities:
    • Abstract and set up all commercial Lease documents (New Leases, Amendments, Terminations, Assignments, Subleases etc.) once fully executed in MRI & Yardi.
    • Prepare rent commencement letters, calculate prorated amounts and work closely with accounting to post rent commencement charges to the tenant ledger
    • Manage, update and provide support to various departments regarding database accuracy
    • Monitor leases to ensure critical dates are met (renewals, terminations, etc).
    • Annual reconciliation of CAM, taxes and insurance
    • Maintain lease terms in database and ensure accuracy for monthly billings, annual increases, collections, percentage rent calculations, etc.
    • Process tenant move-in and move-outs within database
    • Work closely with property accounting in preparing annual budgets
    • Resolve tenant/landlord lease interpretation discrepancies
    • Develop and maintain accurate records and files for all leases
    • Continuous monitoring of system information for accuracy, including but not limited to, rent roll validation, square footages, aged delinquencies, etc.
    • Work closely with leasing/legal personnel to update lease forms as the industry dictates
    • Provide and maintain excellent customer service for both internal and external clientsExperience:
      • Over 3 years of relevant experience in commercial real estate lease administration or related field such as commercial real estate accounting or property management
      • Strong experience with budgeting and reconciliations #zr7

Keywords: Addison Group, Reston , Commercial Lease Administrator, Other , Reston, Virginia

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