Real Estate Lease Management Services
Whether you’re rushing to complete due diligence for an M&A transactionare managing a large portfolio of commercial leases, Cenza is a partner you can rely on to provide a full range of support services to help you maintain and grow your commercial real estate portfolio. Our expertise and experience covers a wide variety of documentation within the commercial real estate space, including complex leases, estoppel certificates, and lease guarantees. We use AI and machine learning tools to ensure our teams can handle contract review and abstraction projects on a large scale in the most efficient manner, delivering the highest quality results on the tight timeline that our clients often need.
- Cost-effective LPO resource for due diligence on any real estate component of M&A transactions
- Expert review of commercial lease portfolios including guarantees and estoppel certificates
Lease Review & Abstraction
Reviewing a large commercial lease portfolio is a task that’s ideally suited to an LPO so long as it’s properly qualified to perform the necessary due diligence. At Cenza, we have the right mix of real estate domain expertise, process-engineering skills, and in-place quality controls to manage the burdensome task of commercial lease review. Our review teams are adept and equipped to sift through the boilerplate in order to identify all the key lease terms and provisions. Our abstraction services capture the relevant information your team needs for legal and financial analysis, including legal property description, financial terms, lessor covenants and obligations, lessee options and special rights, as well as any applicable guarantees and waivers. We deliver clients the best of both worlds – the cost savings they expect from an offshore provider together with the quality and caliber of review and abstraction they would expect to receive from someone onshore.
- Large lease portfolios efficiently reviewed
- Full abstraction services covering all key lease terms
- Multilingual leases
As commercial real estate portfolios have grown larger and more diversified, lease administration has also become increasingly complicated, requiring far more careful monitoring in order to avoid unintended tripwires and defaults. That’s why Cenza decided to extend our real estate services beyond the traditional offering of lease review and abstraction. We now provide clients with a unique end-to-end solution so they can more effectively manage all their lease-related obligations. Based on a complete review of your lease portfolio, we design and build a customized lease administration engine so that your property management team receives proper notification of all obligations and deadlines applicable to each lease. The engine can be further adapted to send applicable notices as may be required directly to tenants and other third parties. Lease administration has never been easier. With Cenza, there’s no reason for any more inadvertent defaults, no matter how large and unwieldy a lease portfolio happens to grow.
- Recovery Setup
- Due Diligence
Cenza has a keen understanding of the importance of accounting in property management and that it can be a time-intensive task for companies. This is why we offer a comprehensive range of accounts payable and accounts receivable services tailored to help your company run its operations more efficiently. Our financial experts have experience working with accounting systems such as MRI, Yardi, and JD Edwards, while also ensuring integration with your platforms.
Some of the specific Lease accounting services we offer include
- Real Estate bookkeeping
- Accounts Payable (AP)
- Accounts Receivable (AR)
- General Ledger (GL)
- Management Reporting
In addition to lease abstraction and administration, Cenza also offers detailed cross-verification of lease documents to ensure compliance with IFRS and FASB accounting standards. We can help you track and report on different types of leases, capturing multiple data points tailored to your needs to make sure that reporting is comprehensive and accurate.
The recovery of common area maintenance (CAM) charges is crucial for property management firms, as these charges are part of the operating expenses that go into maintaining and repairing a building.
Calculating CAM charges can be complex and time-consuming, since they are estimates dependent on factors such as the size of the rented property and other clauses within the lease agreement. Discrepancies in the collection of CAM charges can cost property owners tens of thousands of dollars in the long term.
At Cenza, we have the capability to review leases across different types of properties, accurately identify and calculate CAM charges, and ensure compliance with lease terms for a more profitable CAM reconciliation.
As an additional facet to our CAMS expertise, we also offer auditing services for both landlords and tenants. Our experienced team can review expense statements and determine whether the charges are fair and accurate or if they need to be challenged.
- For landlords, Cenza conducts CAM audits and validates expenses so that the charges hold up to tenant scrutiny.
- Tenants can use Cenza’s services to audit CAM statements from their landlords to ensure that they are being charged appropriately for maintenance of the space being leased.