Lease Administrator

Comstock•Reston, VA

About The Position

The Lease Administrator handles reviewing and interpreting commercial leases, updating and maintaining the accounting software and records with respect to commercial leases, and overseeing calculations of all rental obligations.

Requirements

High School Diploma or Equivalent Required.
3-5 years of Lease administration experience ideal, minimum of 3 years required
Thorough understanding of commercial operating expense recoveries required
Able to interpret and abstract complex commercial lease terminology
Yardi knowledge required
Microsoft Word and Excel proficiency required
Must be highly credible and trustworthy, and operate with high degree of integrity
Must hold oneself and others accountable and strive for a high level of excellence
Must have a positive, can-do attitude and be able to fuel growth and innovation
Must be customer-focused and results-oriented
Must want to continuously learn and develop
Exceptional oral and written communication, active listening, and organizational skills
Ability to establish strong working relationships with others in team setting
Ability to multitask and prioritize tasks with a strong attention to detail in a fast-paced environment
Self-directed and able to work independently, with minimal supervision

Nice To Haves

Bachelor's Degree preferred

Responsibilities

Prepare detailed commercial real estate lease abstracts of financial and non-financial lease clauses and upload same into commercial management software
Understand and monitor lease compliance for all lease-related payments, including base rent, percentage rent
Manage operating expense (CAM), real estate tax and insurance obligations
Assist and support all departments in understanding lease documents or providing lease details for due diligence of property evaluations, including, without limitation, completing Tenant/Lease information in estoppels and SNDAs in connection with financings, acquisitions and dispositions
Assist with tenant account questions and disputes
Process and monitor leases from post-execution through expiration of lease term
Generate and post monthly recurring rental charges and receipts
Review and post annual tenant operating expense and tax reconciliations
Perform calculations for budgeting potential rent and operating expense/tax recoveries
Perform other duties as assigned