Commercial Lease Administrator
2 weeks ago
Job Title: Commercial Lease Administrator
Job Summary:
We are seeking a highly skilled Commercial Lease Administrator to join our team at Edgewood Properties. The successful candidate will be responsible for overseeing the administration of commercial lease agreements and ensuring compliance with lease terms.
Key Responsibilities:
- Manage and maintain commercial lease agreements, including reviewing, abstracting, and ensuring adherence to lease terms and conditions.
- Prepare Estoppels and SNDA's as required per leases and as needed for refinancing and acquisitions.
- Utilize MRI software to manage lease data, track critical dates, and generate reports.
- Ensure accurate data entry and maintenance within the MRI system.
- Prepare detailed Lease Summaries, process, and manage lease documents, amendments, renewals, and terminations.
- Track Property and Tenant Insurance requirements and ensure Certificates of Insurance are current.
- Audit Property and Tenant files to ensure accuracy and receipt of all pertinent documents.
- Coordinate with development teams to ensure Landlord Work requirements per leases are adhered to.
- Ensure compliance with lease obligations, including rent payments, insurance requirements, and property maintenance.
- Manage approvals and track critical dates to prevent lapses and ensure timely actions.
- Serve as the primary point of contact for construction, project managers, property managers, tenants, and development teams.
- Generate regular reports on lease portfolio status, upcoming renewals, approvals, and compliance metrics.
- Perform due diligence on potential acquisitions.
- Identify and implement best practices for lease administration and development processes to enhance efficiency and accuracy.
Requirements:
- At least 3 – 5 years of experience in commercial lease administration.
- Proficiency with MRI software and a strong understanding of its functionalities.
- Strong understanding of commercial lease agreements, real estate terminology, and commercial real estate development experience a plus.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
- Excellent organizational and time-management skills with the ability to handle multiple tasks simultaneously.
- Strong attention to detail and analytical skills.
What We Offer:
- Competitive compensation.
- Comprehensive benefits, including medical and dental and vision benefits, life insurance, a 401(k) with company match.
- A corporate team environment with opportunities for advancement.
- An on-site company fitness gym.
- Discounts on housing and home appliances.
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