ESRP’s Lease Administration team understands the value of a well negotiated lease. We view our role as an outsourced partner as one in which our lease administration professionals work tirelessly to ensure your lease agreements are adhered to by the landlord. Our team members have performed lease administration for clients in the following product types: Retail, Industrial, Office, Restaurant, and Healthcare. Our team has utilized six different database solutions to provide our world class solutions. When ESRP centralizes your lease information, you will have complete confidence in the accuracy of data to strategically run your business.
ESRP performs desktop audits on all landlord invoices and reconciliations utilizing a comprehensive, detailed process. The return on investment for desktop auditing can be substantial. Over 15 years of tracking results, our clients typically receive in excess of $1.60 in savings for every $1.00 in fees, excluding labor cost reductions. Examples of savings follow:
Under our leadership’s guidance, clients have saved over $50 million from landlord overbillings. We have assisted over 80 companies with six sigma quality data which can be utilized for making strategic operational decisions. Accounting departments have benefited by receiving calculations for straight line rents, as well as the journal entries and amortization schedules which allows them to operate more efficiently.