Lease Abstraction, Lease Audit and Administration Services

OHI provides comprehensive and high quality lease abstraction, lease administration and lease audit related services. Our team of experienced leasing professionals are well versed with the nuances and technicalities of commercial, industrial and retail leases. Our high expertise in real estate sector developed over 15 years helps us abstract and administer even complex leases with multiple renewal options, rent abatements, amendments, tenant allowances and complex passthrough of CAM charges among others. We are also familiar with real estate terms such as Hold Over, Radius Restrictions, Go Dark, Eminent Domain/ Sub ordination and Subletting.


OHI’s team has experience working in leading leasing and property management software such as Prolease, Lease Harbor, Yardi, MRI, Visual Lease, RE Flex , CoStar among others. Our services are used by 50+ commercial, retail and residential real estate companies in California, New York, Texas, Florida, Colorado, Kansas and Washington among others.

Learn More About Our Services

1 (646) 367-8976

sales@ohiaccounting.com

Staff with at-least six years of relevant real estate experience across leasing and accounting

Skilled Employees

Cost Savings

30-50% cost savings compared to in-house hired staff or onshore service providers

Our Clients

50+ commercial and residential real estate firms in USA

Lease Abstraction Services (For Landlord and Tenant)

  • Rent Schedules with clear specification of monthly, annual and psf rents across each relevant period, renewal options and rent abatements
  • CAM, Taxes and Insurance Schedules with listing of Pro-rata shares, CAM Caps, Inclusions, Exclusions, Payment Period, Frequency and CAM audit terms
  • Fee Schedules covering late fees, administrative charges, miscellaneous fees
  • Tenant and Landlord Insurance Requirements
  • Termination Options with listing of notice dates
  • Tenant Allowances
  • Standard real estate clauses such as Assignment/Subletting, GoDark, Holdover, Radius and Uses Restrictions, Subordination
  • Lease Options and Rights
  • Lease Obligations
  • Guarantees and Waivers

OHI uses detailed lease abstraction templates to capture the key lease terms with proper section and page notations. Leases can also be tagged appropriately. Some of the salient features of our lease abstracts are as follows:

We provide abstraction of lease documents including leases, amendments, subleases, letters for commercial, retail, industrial, residential properties, equipment and cell tower leases.

Pricing

pricing starts at

SIMPLE LEASE ABSTRACTS

$75

* per lease

Request a Quote

pricing starts at

DETAILED LEASE ABSTRACTS

$100

* per lease

Request a Quote

Lease Administration Services (For Landlords)

  • Lease Abstraction
  • Setting up and maintenance of lease data in Yardi, MRI or other property management/leasing software
  • Monthly tenant billing, post rent charges and generate rent statements
  • Rent receipting and deposit processing
  • Review of receivables on weekly basis and coordination with property managers to expedite rent collection
  • Setting up and invoicing of CAM charges
  • Preparation of annual CAM reconciliation statements
  • Reporting of lease Information as needed
  • Preparation of customer statements, late fee notices, pending renewal notices, Etoppels and SNDAs
  • Review of broker agreements and prepare leasing commission calculations
  • Ad-hoc portfolio analysis including occupancy cost analysis, vacancy analysis, rent roll analysis, utility cost analysis among others
Sample - Rent Roll Analysis

Pricing

HOURLY CHARGES

$10-15

* per hour

Request a Quote

FULL-TIME LEASE ADMINISTRATOR

$2100

* 160 hours dedicated monthly staffing

Request a Quote

Lease Audit Services (For Tenants)

  • Base Rent (including free rent and rent abatements)
  • Rent Renewals
  • Operating Expenses
  • Common Area Maintenance ( CAM)
  • Real Estate Taxes
  • Landlord Insurance
  • CPI Escalations
  • Porters Wage Escalations
  • Late Fees and Miscellaneous Charges Levied
  • Electricity and Submeter Charges
  • Overtime HVAC Rates
  • Tenant Improvement (T/I) allowances

Our basic lease audit service performs an initial review of individual leases verifying and reconciling all landlord charges including:

Pricing

HOURLY CHARGES

$15

* per hour

Request a Quote

Acquisition Support Services (for Landlord)

  • Reconciliation of lease charges set-up with leases
  • Rental and Other Fee Income reconciliation: Reconciliation of bank deposits (rent collected) vs rent and other charges booked in property management software
  • Verify Outstanding liabilities such as AP bills, mortgage, payroll, real estate taxes, insurance among others at time of sale of the property/handover of the property
  • Check if all leases and invoices have been attached in the software
  • Transition lease and accounting data across software
  • Any custom service required during ownership transition of the property

Significant time and efforts are incurred during due-diligence activities in real estate acquisitions. OHI’s team provides extensive acquisition support services to help your team’s due diligence efforts. These services can also be used to ensure correct lease and accounting data is integrated into your leasing and accounting systems.

Pricing

HOURLY CHARGES

$12-18

* per hour

Request a Quote
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More

Residential Property Accounting

Commercial Property Accounting

Investment Analysis Services

Acquisition Analysis Services

Asset Management Services

Loan Abstraction Services

CAM Reconciliation

Back-Offfice Support Services

Other Real Estate Services

Software Expertise

We have high expertise across numerous lease abstraction and administration software used across USA.

Team & Staff Profile
employees

75+

real estate clients

50+

About Us

  • 50+ real estate clients across North America in all major states and real estate sectors
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Fully integrated real estate service provider providing services in leasing, administration, accounting, analysis and allied services
  • Specialist real estate outsourcing services provider since 2006
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Staff with at-least six years of real estate outsourcing experience
  • High expertise in numerous lease abstraction interfaces such as ProLease, Accruent, Tango, MRI, Lease Harbor and Lease Query
  • Spacious office set-up (6000 square feet) with modern facilities and uninterrupted power supply
  • 100 MBPS high speed dedicated internet leased line

Client Profiles

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

A well-known fully integrated real estate investment cum asset management firm based in Tampa (FL). They manage a wide variety of commercial real estate assets and provide property management services to 3rd party commercial real estate owners.

A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

A privately owned real estate management firm that specializes in the management of commercial and multi-family properties in the Greater Los Angeles area.

A full service real estate investment management company. The company provides in-house acquisition origination, underwriting, transaction management, asset management, accounting and investor reporting for all investments. The company is based in Denver, CO.

A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.

Read More

Understanding Lease Abstracts- Real Estate Abstract

Useful Articles

The real estate abstract is a concise version of the original lease document. Between one to five pages long, It tells you where to look for detailed information.

A Glossary of Common Lease Terms

Common Lease Terms- Understanding lease words and terms help you fully comprehend your lease agreement. Commonly used words and terms in lease agreements.

Read More
Read More

Lease Administration: The Growing Real Estate Necessity

A well-integrated system of lease administration includes the tools and tech that streamline the process into a smooth pulse.

Read More

Common Area Maintenance Terms

NNN lease? CAM charges? Do you know your commercial real estate lease terminology? This article covers CAM expenses and the terms associated with it.

Read More

5 Tips for Commercial Lease Abstraction

Lease abstracts need to be crafted very carefully. It needs to be done by dedicated professionals. Consider outsourcing commercial lease abstraction service.

Read More

Top 6 Tips for CAM Reconciliation

To steer clear of any inconveniences or error potential, always adhered to certain rules for CAM reconciliation. These tips would prove to be of real help.

Learn More About Our

Lease Abstraction and Administration Services

Contact Us

All Rights Reserved © 2020 OHI