The document provides a summary of a presentation on lease management. It discusses making lease management smarter through empowering retailers with information, using the right tools, and creating visibility. It also discusses making it safer through reducing risk, improving compliance, and ensuring legal security. Finally, it discusses making lease management more profitable by properly analyzing lease abstracts, using correct numbers, auditing outgoings statements, benchmarking to competitors, and ensuring accuracy and access to information. The presentation recommends investing in software systems to help with lease administration and compliance.
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Rpcon s206 lease management 101
1. Lease Management 101
S06: Thursday 22nd March
Presented by
Lee Trevena
CEO Synetek Systems
2. Speaker
• Over 18 years Retailer Real Estate Experience
• Both sides - Landlord and Tenant
• Property Management, Lease Negotiations,
Development Management, Lease Administration,
Real Estate Software
• Passion to improve Retailer Real Estate
• See more than most
• Not ‘the’ Golfer – current HCP 13.0
3. Objective – Why NOT How
To help improve your business
1. Make it smarter
2. Make it safer
3. Make it money
8. TOP 5 TIPS
1. 2. 3.
Abstract Use Audit
Your Correct Outgoings
Leases Numbers Statements
Invest in Systems
4. 5.
Benchmark Accuracy
to and
Compete Access
9. Unique Expertise
Lawyer Negotiator Project Mngr Accountant Clerk
Did I mention multi-tasking?
10. Abstract Your Leases
The Lease is the Law
Data - not just rent & reviews
Dates – i.e. “Accounting Year”
Spreadsheeting „Kaos‟
Specialist Skill
Lawyer
11. Audit Outgoings Statements
Tax or Distribution?
Right to Investigate
Overcharges Every Year
Pro-rata Share ≠ Fixed
Expense Type not in Audit
Negotiator
12. Benchmark to Compete
Your Info is #1
Portfolio Intelligence
Data - Multi-landlord & Current
Deal Compliance
Proactive & Reactive
Project Manager
13. Use Correct Numbers
CPIs – (8 + 1) x 4 x 4 = 144
Significant Variations – 0.0000
$200k x 20 x ½% x 5 = $100K
% Rent Periods
Check Threshold Calcs
Accountant
14. Accuracy and Access
Accuracy is Perfection
Human error goes 2 ways
On-time Information
Knowledge is Power
Understand Impact
Clerk
15. Invest in Systems
• 5 people in 1
• #2 expense item
• Compliance
• Audit & Risk
• Capital Leases Coming
16. Take it Away
WHY?
Smart, Safe, Money
HOW?
Top 5 Tips
WHO?
Skills & Systems