Lease Administration Services | Tandem CPA

Some of the tasks that our outsourced Lease Administrators perform on behalf of our clients:

• Collecting, reviewing, and abstracting lease documents and amendments
• Maintaining and updating lease data and records in a centralized database or software platform
• Performing lease accounting calculations and adjustments according to the relevant standards (e.g. ASC 842, IFRS 16, GASB 87)
• Preparing and reconciling lease schedules, journals, and disclosures for financial reporting purposes
• Monitoring and tracking lease payments, invoices, rent increases, security deposits, and other lease-related expenses
• Ensuring compliance with lease terms, conditions, and obligations, such as maintenance, insurance, taxes, and renewals
• Negotiating and executing lease modifications, extensions, terminations, and subleases
• Conducting lease audits and validations to identify errors, discrepancies, and opportunities for savings
• Providing lease portfolio analysis and reporting, such as occupancy, utilization, expiration, and performance metrics
• Supporting lease strategy and planning, such as lease versus buy, lease optimization, and scenario modeling