Leasing Administrator Job Description

The Court of Appeal's decision to impose personal liability on make-good costs

It is not uncommon to hear parties speak of an administrator claiming a lease or even pretending to do so. The fact that insolvency practitioners exercise the power frequently makes them vulnerable to being sued by the liquidators. Lessors don't appreciate the different powers and obligations of administrators and liquidators, and think that insolvency, administration and liquidation are synonymous.

The first instance decision in Rildean threw up some confusion about the long held principle that administrators are not personally liable for make-good costs. The Court of Appeal went out of its way to make it clear that it was an authoritative statement, even though the above comment was not very interesting. Speed has costs and benefits.

One cost faced by administrators is the risk of increased liability as a result of decisions made within a very tight time frame. The Court has the power to relieve them of liability, but administrators agree that it is better to avoid court in the first place. Understanding the peculiar requirements of leases will help achieve that objective.

Leasing Agents: Experience and Skills

A Residential Leasing Agent is responsible for renting out housing properties and assisting tenants. They have duties that include meeting with prospective tenants to determine lease terms, getting security deposits and coordinating with current tenants to discuss lease changes. Property owners and apartment complexes often use leasing agents to find qualified renter applicants.

They meet with prospective tenants to show them different housing options. They perform credit checks, contact references and review bank statements to verify whether an application has the proper income or savings and a good credit history. They may be responsible for maintaining relationships with maintenance companies to perform various jobs.

Entry-level Leasing Agents may have previous experience in sales, customer service, or the like, and would need to complete on-the-job training to learn how to complete role-related tasks. Previous experience as a Leasing Agent or in another real estate management role may be relevant to the experience of experienced Leasing Agents. The scope of their responsibilities is different between a Leasing Agent and a Leasing Manager.

The responsibility for managing a team of Leasing Agents or Leasing Consultants is held by a Leasing Manager. They look for ways to increase revenue and market vacancies when they review the current Occupancy rate of one or more properties. The Property Manager or Property Owner can have a say in rent rates and ways to improve the property value.

In contrast, the agents communicate with tenants. They give tours and discuss rental agreement terms with the Leasing Manager. They get lease contracts from managers for new tenants.

The Careers of Lease Administrator

Lease administrators are responsible for managing properties, communicating with tenants and enforcing lease agreements. Learn about the pros and cons of a lease administrator career to make an informed decision. The responsibilities of lease administrators include drafting copies of property leases, updating leases, preparing financial reports and budgets, inspecting properties and analyzing leases to ensure that they follow state or federal housing guidelines.

Property managers use a database system to input rental amounts and copies of tenants' leases. The job may involve living on site and being on call 24 hours a day. The median salary of all property, real estate and community association managers was $54,000 as of May 2014, according to the BLS.

The lowest 10% of people earned an average annual salary of $28,000 or less, but the highest 10% earned an average annual salary of $117,000 or more. According to the BLS, many employers prefer a lease administrator with a college degree in business administration or a related area, while others are willing to hire applicants with a high school degree or equivalent. The level of responsibility a property manager holds is a factor.

Lease administrators who manage finances for properties or handle contracts must have a bachelor's degree. Every state requires that property managers who also buy and sell property be licensed. There are many ways to train for entry level positions.

An assistant to a property manager is the most common way to become a lease administrator. As an assistant, you can learn how to communicate with tenants and check on the property. The property management team can teach you how to perform duties, such as clerical responsibilities, to determine whether or not tenants are following their lease agreements.

A Multilingual Project Manager with Experience in Accounting and Finance

The Lease Administrator has 12 years of experience in account reconciliation and desktop audit. Supervised and trained lease administrators and project accountants to follow all controls and procedures. Several systems implementation were involved.

A team player is able to prioritize and manage heavy work flow. A Lease Administrator with diverse industry experience. Professional expertise includes market research, competitive analysis and management projects.

A trilingual employee who has worked with people from many different cultures has been a great success. A Lease Administrator with 15 years of experience in lease abstracting, administrative commercial real estate accounting, billing percentage rent, common area rent, and real estate tax reconciliations. A project manager with broad-based activities in financial planning, computer operations, and accounting problem solving.

Accurately managing multiple priorities and assignments is something that you should have. The Lease Administrator has 16 years of experience. Knowledgeable in real estate investment and finance, budgeting, and accounting, environmental health and safety issues, law and risk management, the design, operation and maintenance of buildings, leasing and marketing and asset management.

Leasing Consultants: A Key Role of Sales, Customer Service and Communication Skills

You have to set up appointments, conduct tours, answer questions, and close on leases as a leasing consultant. Time management skills are important to ensure you are using your time in the best way possible. Multiplying is important to complete all of your appointments and tasks.

You can use a calendar,planner, or checklist to plan for your appointments and tours. A leasing consultant uses strong sales skills to help close on leases. They paint a picture of how happy a potential resident will be at the property.

Pointing out the benefits of property offerings will show residents how their needs will be met, which is crucial to filling available units. Customer service skills are important for resolving resident issues. A successful leasing consultant has a positive attitude and works diligently to resolve resident issues.

They are willing to help any resident that needs it. Communication skills are required to connect with people. A leasing consultant should make the process of finding a new home enjoyable for potential renters.