Lease Administration Services
Peace of mind, for all your leases
Keeping Tabs on All Your Critical Lease Obligations
A company’s real estate commitments represent one of its largest expenses. While internal staff might be able to handle one or two sites, it can become a significant burden and drain on resources to manage a company’s real estate as the portfolio grows. A well-executed lease administration program can provide key management personnel the strategic advantage of understanding the real estate portfolio and its impact on your business.
Hughes Marino’s Lease Administration Service allows companies to outsource this important function to our team of experts, who can help save resources and avoid costly oversights. Led by a 25-year veteran of the industry, our experienced professionals act as an extension of our client’s own team, keeping tabs on the many details of their leases so they can focus on core business objectives. From banking institutions to industrial manufacturers, companies throughout the United States are benefiting from the knowledge and resources offered by Hughes Marino.
- Lease abstracts on every lease to help you identify lease rights and avoid costly traps
- Management of critical lease dates and opportunities
- 24-hours-a-day access to critical lease data and documents via our secure, cloud-based system
- Assistance with annual rent and operating expense budgeting to help you avoid costly mistakes.
- Annual review of landlords' Operating Expense Reconciliations and Budgets
- Reports with dates of all expansion, renewal or termination rights to ensure you never miss a critical lease date
- Review of Estoppel certificates or other documents requested by a landlord
- Lease audit to identify and reverse charges that are not in compliance with the lease
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Areas Served
- Auburn
- Ballard
- Beacon Hill
- Bellevue
- Belltown
- Bothell
- Canyon Park
- Capitol Hill
- Des Moines
- Downtown (Central Business District)
- Eastlake
- Everett
- Federal Way
- First Hill
- Fremont
- Georgetown
- Interbay
- International District
- Issaquah
- Kent
- Kirkland
- Lynnwood
- Mercer Island
- Northgate
- Olympia
- Pioneer Square
- Queen Anne
- Redmond
- Renton
- SeaTac
- SODO
- South Lake Union
- Tacoma
- Tukwila
- University District
- Woodinville
- Del Mar Heights
- Carmel Valley
- Encinitas
- Cardiff
- Solana Beach
- Del Mar
- Kearny Mesa
- National City
- Chula Vista
- Eastlake
- Otay Mesa
- Rancho Bernardo
- Poway
- Scripps Ranch
- Torrey Pines
- Downtown La Jolla
- Governor Park
- Miramar
- Oceanside
- Carlsbad
- Santee
- El Cajon
- La Mesa
- UTC
- Golden Triangle
- Downtown San Diego
- Hillcrest
- Bankers Hill
- Uptown
- North Park
- Mission Valley
- Rose Canyon
- Pacific Beach
- Old Town
- Point Loma
- Liberty Station
- Sports Arena
- Sorrento Mesa
- Sorrento Valley
- Vista
- San Marcos
- Escondido
- Anaheim
- Costa Mesa
- Huntington Beach
- Laguna
- Orange
- Westminster
- Long Beach
- Brea
- La Habra
- Fullerton
- Irvine
- Mission Viejo
- Aliso Viejo
- Santa Ana
- Buena Park
- La Palma
- Garden Grove
- Irvine Spectrum
- Newport Beach
- Tustin
- Beverly Hills
- Culver City
- El Segundo
- Mid-Cities
- San Gabriel Valley
- Ventura
- Westwood
- Burbank
- Glendale
- Pasadena
- Downtown LA
- LAX
- Miracle Mile
- Santa Monica
- West Hollywood
- Century City
- East LA
- Long Beach
- San Fernando Valley
- Southeast LA
- West Los Angeles
- Airport
- Campbell
- Cupertino
- Downtown
- Downtown Mountain View
- Downtown Palo Alto
- Downtown Sunnyvale
- Gilroy
- International Business Park (IBP)
- Los Gatos
- Marriott Park
- Milpitas
- Moffett Park
- Morgan Hill
- North Mountain View
- North Santa Clara
- North Sunnyvale
- Northeast San Jose
- Oakmead
- Palo Alto-Bayshore
- Peery Park
- Peninsula
- San Jose - Downtown
- San Jose - East
- San Jose - North
- San Jose - South
- San Jose - West
- San Jose CBD
- San Mateo Coast
- Sand Hill Road
- Saratoga
- Shoreline
- South Mountain View
- South Santa Clara
- South Sunnyvale
- Stanford Research Park
- Alamo Square
- Balboa Terrace
- Bayview
- Bernal Heights
- Castro
- Civic Center
- Cole Valley
- Corona Valley
- Cow Hollow
- Diamond Heights
- Downtown
- Duboce Triangle
- East Bay
- Excelsior
- Financial District
- Forest Hill
- Glen Park
- Haight-Ashbury
- Hayes Valley
- Hunters Point
- I-80 Corridor
- Ingleside Heights
- Ingleside Terrace
- Jackson Square
- Lakeside
- Laurel Heights
- Lower Pacific Heights
- Marina
- Merced
- Merced Manor
- Mission Bay
- Mission Delores
- Mission District
- Mission Terrace
- Monterey Heights
- Nob Hill
- Noe Valley
- North Bay
- North Beach
- North Panhandle (NoPa)
- North Waterfront
- Oceanview
- Outer Mission
- Pacific Heights
- Portola
- Potrero Hill
- Presidio Heights
- Richmond
- Russian Hill
- Seacliff
- Sherwood Forest
- SoMa
- South Beach
- South Financial District
- St. Francis Woods
- Stonestown
- Sunnyside
- Sunset
- Telegraph Hill
- Tenderloin
- Union Square
- Western Addition
- Westwood Highlands
- Westwood Park
- Manhattan
- Chelsea
- Chinatown
- City Hall
- Civic Center
- Columbus Circle
- East Harlem
- East Village
- Financial District
- Flatiron District
- Gramercy Park
- Grand Central
- Greenwich Village
- Harlem / North Manhattan
- Hell's Kitchen/Clinton
- Hudson Square
- Insurance District
- Lincoln Square
- Little Italy
- Lower East Side
- Midtown East
- Midtown West
- Murray Hill
- Penn Plaza / Garment
- Plaza District
- SoHo
- Times Square
- Tribeca
- U.N. Plaza
- Upper East Side
- Upper West Side
- World Trade Center
- Bronx
- Long Island
- Queens
- Brooklyn
- Staten Island
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
We have offices up the West Coast
and offer services nationwide.
Commercial Lease Insights
New Lease Accounting Standard Has Finance Departments Scrambling
Ed Muna | Commercial Lease Insights
March 26, 2018
With the required implementation of new lease accounting standards around the corner, real estate and accounting departments across the country are working feverishly to prepare for the new Financial Accounting Standards Board (FASB) Rule, ASC 842.
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Lease Accounting Changes and the Challenges Ahead
Michael Muna | Commercial Lease Insights
November 13, 2017
Changes are ahead in the reporting of real estate leasing costs on financial statements, and corporations are scrambling to meet the upcoming deadline. During the process of conforming to the new standards, these companies are also discovering this is an opportunity to transform their...
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Lease Accounting Changes and How the Renewal Option Became Your Latest Liability
Ed Muna | Commercial Lease Insights
August 21, 2017
The Financial Accounting Standards Board (FASB) recently issued an update (ASC 842) that will require businesses to rethink how they structure real estate leases going forward. The code change, which will be implemented in 2019 (2020 for private companies), requires companies to put the capitalized value of their lease obligations on the balance sheet as a liability and asset (“Lease Liability” and “Right of Use Asset”). As it currently stands, almost all lease costs are limited to the income statement and might only appear on the balance sheet as a footnote. Because there is no grandfathering for existing leases and financial statements include a two-year look back, the decisions being made today will impact the financial statements of the future. This has many decision-makers taking a closer look at leasing transactions to see how this liability can be reduced.
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Shining a Light on Lease Operating Expenses
Jason Hughes | Commercial Lease Insights
February 13, 2017
Landlords would prefer to keep you in the dark - which is why our team at Hughes Marino collectively spends tens of thousands of hours advocating for the rights of our tenants during lease negotiations. But what about after everything is said and done...
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