Lease Administration

SRS began offering lease administration services in 1999 and today we manage more than 10,000 agreements for more than 80 clients. The experience and quality of SRS’ lease administration team are our true differentiators. Many companies offer tools and processes for managing and administering client portfolios. Few can match the experience and tenure of our team members which become extensions of our clients’ real estate teams. By returning an average of $1.50 to our clients for every $1.00 paid to us in fees, SRS’ lease administration service provides extraordinary value and peace of mind with more than 30 dedicated experts.

Lease Administration Service Levels

SRS offers a broad menu of lease administration service levels that have evolved over many years in response to the various needs of our clients. The levels build upon the other for ever-increasing levels of lease administration outsourcing and savings generation. They are flexible enough that various levels of service may be combined for a given client depending on their portfolio’s needs:

  • Level 1: Critical date management services
  • Level 2: Critical date management services with basic accounting
  • Level 3a: Full lease administration services with lease compliance audits
  • Level 3b: Full lease administration with check cutting services

In addition to the levels of service described above, SRS’ lease administration team performs a variety of project and ad-hoc services for clients:

  • Abstracting projects
  • CAM, insurance and tax reconciliation audits
  • FASB compliance special projects
  • Merger and acquisition special projects
  • Other consulting and special projects

Benefits of our Lease Administration Services

  • Improved Infrastructure: Leveraging your existing platform with increased know-how or installing a new platform to bring your infrastructure up-to-date with improved tools, increased Sarbanes-Oxley compliance and compliance-ready FASB capital lease reporting are all built into our solution. Software as a service (SaaS) is standard in our lease administration offering with no headaches regarding selection or implementation.
  • Internal Overhead Savings: Administration costs of this service are typically less than what you would experience internally and because of our experience we can deliver greater results with less organization drain. This gives you cost savings and keeps your resources focused on your core business.
  • Amazing Insight: Cost saving and optimization opportunities become immediately apparent because you begin seeing the full picture through our reporting. Now you can focus on strategic planning and lease actions, while we keep the task work moving.
  • Portfolio Savings: Create cost savings from our invoice review and desk-top audits, and increase sub-tenant revenue from our coordination of accounts receivable and sublease collection process. In fact, over the history of our lease administration service, our full-service clients have saved an average of $1.50 for every $1.00 paid in fees.
  • Risk Reduction: All systems and data are secure and backed up. All processes are cross-trained and documented. We are accountable for any missed dates that occur within your portfolio. We become an insurance policy for any portfolio errors subject to our agreed to limits of liability.
  • Scalability: Our service is highly flexible and scalable. If you start with the basics around the places you know you have exposures, you can always add features and increased levels of service later.
  • Guarantee of Value: We provide a unique Guarantee of Value. We give you the unilateral right to reduce our fee if you believe we have not provided value in terms of time, money, and qualitative issues commensurate with the fees for the services rendered as set forth on any invoice.

Leadership

Lease Administration Team

Contact Information

Lease Administration
15660 N Dallas Parkway
Suite 1200
Dallas, TX 75248

T: 972.419.4200

SRS in the News

NOV 14, 2022

Developers Sell 14 KinderCare Centers for $60M

Developers sold 14 KinderCare Learning Centers-occupied single-tenant properties for a total of more…

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NOV 11, 2022

Seven New Tenants Sign on to 60-Acre Development in Houston

Houston — Magnolia Village, a 60-acre mixed-use development currently under construction in Houston,…

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NOV 10, 2022

SRS Real Estate Arranges Sale of 14 KinderCare-Occupied Properties Across US

Newport Beach, Calif. — SRS Real Estate Partners has arranged the sale of…

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Press Releases

NOV 02, 2022

SRS Real Estate Partners Welcomes Sarah Nelson as Chief Marketing Officer

DALLAS (November 2, 2022) – SRS Real Estate Partners is proud to welcome…

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OCT 24, 2022

SRS’ National Net Lease Group Brokers $3.225 Million Ground Lease Sale of a Single-Tenant Bank-Occupied Property in Bradenton, Fla.

Fort Lauderdale, Fla. (October 24, 2022) – SRS Real Estate Partners’ National Net…

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OCT 20, 2022

SRS’ National Net Lease Group Brokers $6.17 Million Sale of Two Retail Properties Within Country Fair Shopping Center in Chino, Calif.

Newport Beach, Calif. (October 20, 2022) – SRS Real Estate Partners’ National Net…

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