Addison Group

Commercial Lease Administrator

Addison Group Reston, VA

Title: Commercial Lease Administrator

Pay: $70000 - $90000 / year

Type: Direct Hire

Process: in-person interview in-office

Location: 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 clients
Experience
  • 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
  • Seniority level

    Mid-Senior level
  • Employment type

    Contract
  • Job function

    Finance and Accounting/Auditing
  • Industries

    Financial Services and Accounting

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