LEASE MANAGEMENT
Leases govern the legal interaction between landlord and tenant and set out the rights and responsibilities of each for the duration of the lease term. It is essential that they be managed efficiently to ensure that the relative positions of both parties are preserved.

The first step in undertaking any new lease management contract is to read, understand and summarise the lease document into a format which captures the essence of all terms and conditions of the lease. If more than one lease is to be managed for any one client then a schedule of relevant data is compiled to facilitate a ready overview of all lease commitments.

Typical lease management tasks include:
•	Vet all extraordinary payments to landlords.
•	Check outgoings budgets against actuals and previous years performances.
•	Liaise with lessees on all matters relating to leasehold accommodation.
•	Negotiate all rent reviews and lease renewals.
•	Assist in formulating and then implementing strategy plans for minimising accommodation costs.
•	Bring to the attention of management, items of pending expenditure in accordance with the various leases to ensure that covenants are not breached.
•	Negotiate new leases.
•	Produce a monthly report recording progress with any negotiations, pending events and updating the schedule of leases highlighting any changes.