Job Title: Lease Administrator
Reports To: Accounting Lease Supervisor
Position Summary:
The Lease Administrator will perform lease administration functions to ensure compliance with real estate financial obligations and lease terms. This position serves as a liaison with landlords, subtenants, and internal departments to manage lease documentation, payment processing, and database maintenance in CoStar.
Key Responsibilities:
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Draft lease-related documents (amendments, renewals, terminations) and landlord correspondence.
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Analyze lease documents and advise Real Estate Managers and Directors on implications and opportunities.
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Interpret lease obligations, including maintenance responsibilities and landlord/tenant duties.
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Audit and reconcile landlord charges, invoices, and lease-related documentation for accuracy.
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Maintain proactive communication with landlords, subtenants, and internal stakeholders.
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Abstract lease documents and update CoStar with payment terms, landlord/vendor data, and lease modifications.
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Process monthly rent charges, reconciliations, and COIs, SNDAs, and Estoppels.
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Track sublease accounts receivable activity.
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Generate real estate reports (e.g., payment activity, expense savings) for leadership.
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Support process improvement initiatives within the Lease Administration team.
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Perform additional tasks as needed.
Qualifications:
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Bachelor's degree in Business, Accounting, Real Estate, or related field.
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3–5 years' experience in lease administration, commercial real estate, or paralegal work.
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Strong knowledge of lease terms and real estate operations.
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Proficiency in Microsoft Office; experience with PeopleSoft and/or CoStar preferred.
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Excellent communication, organizational, and problem-solving skills.
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Ability to work independently, manage priorities, and maintain data accuracy.
Nesco Resource offers a comprehensive benefits package for our associates, which includes a MEC (Minimum Essential Coverage) plan that encompasses Medical, Vision, Dental, 401K, and EAP (Employee Assistance Program) services.
Nesco Resource provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.