Lease Abstract Services
Our lease abstract is focused on providing the information needed to efficiently administer a lease. We provide a thorough review of all lease documents, and make it easy to ensure that rent steps, CAM charges, and other key lease terms are clearly identified and easy to understand. Each lease amendment is separately abstracted and documented, which allows the user to easily track changes in lease terms throughout the life of a lease.
Common Area Maintenance (CAM) Services
At Leasing Analytics, we specialize in performing common area maintenance (CAM) calculations. We have a thorough understanding of CAM, including the calculation of base years, caps, gross-ups, and other complex lease provisions.
We can prepare your annual CAM reconciliations at the end of the year, or new CAM estimates as part of your budgeting process. For many of our clients, we prepare the estimates and reconciliations in order to provide continuity and ease of communication with tenants.
For each CAM reconciliation or estimate, we provide you with a cover letter for each tenant and a calculation schedule that shows the tenant exactly how their share of expenses is calculated.
Estoppel Certificate and SNDA Preparation Services
If you are purchasing, selling, or refinancing a property, obtaining estoppel and SNDA certificates from each tenant is normally required. We can accurately and professionally prepare these documents so that they are ready to be executed by your tenants.
Insurance Compliance Services
Commercial leases require tenants to maintain certain insurance types and limits. Additionally, leases often require that the tenant’s insurance policies name the landlord (and possibly the landlord’s lender) as additional insureds. Because the insurance types and limits vary from lease to lease, many landlords struggle to find time to track tenant insurance for compliance with the tenant’s lease. This leaves both landlords and tenants exposed to unnecessary risk. Additionally, a tenant may be in default of their lease if they do not maintain appropriate insurance.
Our insurance compliance service is designed to track each tenant’s insurance for compliance with their lease. We maintain a database of insurance requirements per each tenant’s lease, and compare those requirements to the certificates of insurance provided by the tenant. If a tenant’s insurance is not in compliance with their lease, we immediately notify the landlord so that the landlord can request the tenant to update their insurance.
Additionally, we track policy expiration dates and notify the landlord approximately 30 days before a tenant’s insurance will expire so that the landlord can request an updated insurance certificate.