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Lease Abstraction, Lease Audit and Administration Services

Maximizing Efficiency: Professional Lease Abstraction, Administration and Audit Support

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Corporate Profile Video

18+

Years of Serving the Real Estate Sector

130+

Real Estate Clients in North America

250K+

Units Across Clients

400+

Team Including Graduates, CPAs and MBAs

7

Serving Seven of the Top 50 Real Estate Companies

OHI provides comprehensive and high-quality lease abstraction, lease administration, lease reconciliation and lease audit related services. Our team of experienced leasing professionals are well versed with the nuances and technicalities of commercial, industrial and retail leases. Our high expertise in real estate sector developed over 18+ years helps us abstract and administer even complex leases with multiple renewal options, rent abatements, amendments, tenant allowances and complex passthrough of CAM charges among others. We are also familiar with real estate terms such as Hold Over, Radius Restrictions, Go Dark, Eminent Domain/ Sub ordination and Subletting.

OHI’s team has experience working in leading leasing and property management software such as Prolease, Lease Harbor, Yardi, MRI, Visual Lease, RE Flex , CoStar among others. Our services are used by 130+ commercial, retail and residential real estate companies in California, New York, Texas, Florida, Colorado, Kansas and Washington among others.

Accountants with at-least Six Years of Real Estate Experience

Sq. Ft. Highly Secure Delivery Centre

6+

30000

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Staff with at-least six years of relevant real estate experience across leasing and accounting

Skilled Employees

Cost Savings

30-50% cost savings compared to in-house hired staff or onshore service providers

Our Clients

120+ commercial and residential real estate firms in USA

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A privately owned real estate management firm that specializes in the management of commercial and multi-family properties in the Greater Los Angeles area.

HAPPY CLIENTS

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

Corporate Profile Video

The video provides a brief overview of our services, real estate expertise, clients, work culture and most importantly our vision to be recognized as a leading outsourcing provider for the real estate segment.

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Lease Abstraction Services (For Landlord and Tenant)

  • Rent Schedules with clear specification of monthly, annual and psf rents across each relevant period, renewal options and rent abatements
  • CAM, Taxes and Insurance Schedules with listing of Pro-rata shares, CAM Caps, Inclusions, Exclusions, Payment Period, Frequency and CAM audit terms
  • Fee Schedules covering late fees, administrative charges, miscellaneous fees
  • Tenant and Landlord Insurance Requirements
  • Termination Options with listing of notice dates
  • Tenant Allowances
  • Standard real estate clauses such as Assignment/Subletting, GoDark, Holdover, Radius and Uses Restrictions, Subordination
  • Lease Options and Rights
  • Lease Obligations
  • Guarantees and Waivers

OHI uses detailed lease abstraction templates to capture the key lease terms with proper section and page notations. Leases can also be tagged appropriately. Some of the salient features of our lease abstracts are as follows:

We provide abstraction of lease documents including leases, amendments, subleases, letters for commercial, retail, industrial, residential properties, equipment and cell tower leases.

Pricing

pricing starts at

SIMPLE LEASE ABSTRACTS

$100

* per lease

pricing starts at

DETAILED LEASE ABSTRACTS

$175

* per lease

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Lease Administration Services (For Landlords)

  • Lease Abstraction
  • Setting up and maintenance of lease data in Yardi, MRI or other property management/leasing software
  • Monthly tenant billing, post rent charges and generate rent statements
  • Rent receipting and deposit processing
  • Review of receivables on weekly basis and coordination with property managers to expedite rent collection
  • Setting up and invoicing of CAM charges
  • Preparation of annual CAM reconciliation statements
  • Reporting of lease Information as needed
  • Preparation of customer statements, late fee notices, pending renewal notices, Etoppels and SNDAs
  • Review of broker agreements and prepare leasing commission calculations
  • Ad-hoc portfolio analysis including occupancy cost analysis, vacancy analysis, rent roll analysis, utility cost analysis among others
Sample - Rent Roll Analysis

Pricing

HOURLY CHARGES

$16-18

* per hour

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FULL-TIME LEASE ADMINISTRATOR

$2400

* 160 hours dedicated monthly staffing

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Lease Audit Services (For Tenants)

  • Base Rent (including free rent and rent abatements)
  • Rent Renewals
  • Operating Expenses
  • Common Area Maintenance ( CAM)
  • Real Estate Taxes
  • Landlord Insurance
  • CPI Escalations
  • Porters Wage Escalations
  • Late Fees and Miscellaneous Charges Levied
  • Electricity and Submeter Charges
  • Overtime HVAC Rates
  • Tenant Improvement (T/I) allowances

Our basic lease audit service performs an initial review of individual leases verifying and reconciling all landlord charges including:

Pricing

HOURLY CHARGES

$15

* per hour

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Acquisition Support Services (for Landlord)

  • Reconciliation of lease charges set-up with leases
  • Rental and Other Fee Income reconciliation: Reconciliation of bank deposits (rent collected) vs rent and other charges booked in property management software
  • Verify Outstanding liabilities such as AP bills, mortgage, payroll, real estate taxes, insurance among others at time of sale of the property/handover of the property
  • Check if all leases and invoices have been attached in the software
  • Transition lease and accounting data across software
  • Any custom service required during ownership transition of the property

Significant time and efforts are incurred during due-diligence activities in real estate acquisitions. OHI’s team provides extensive acquisition support services to help your team’s due diligence efforts. These services can also be used to ensure correct lease and accounting data is integrated into your leasing and accounting systems.

Pricing

HOURLY CHARGES

$18-20

* per hour

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Residential Property Accounting

Commercial Property Accounting

Investment Analysis Services

Acquisition Analysis Services

Asset Management Services

Loan Abstraction Services

CAM Reconciliation

Back-Offfice Support Services

Other Real Estate Services

Streamlining Lease Abstraction, Lease Audit and Administration Services

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Software Expertise

We have high expertise across numerous lease abstraction and administration software used across USA.

Team & Staff Profile
employees

300+

real estate clients

120+

About Us

  • 120+ real estate clients across North America in all major states and real estate sectors
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Fully integrated real estate service provider providing services in leasing, administration, accounting, analysis and allied services
  • Specialist real estate outsourcing services provider since 2006
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Staff with at-least six years of real estate outsourcing experience
  • High expertise in numerous lease abstraction interfaces such as ProLease, Accruent, Tango, MRI, Lease Harbor and Lease Query
  • Spacious office set-up (30,000 square feet) with modern facilities and uninterrupted power supply
  • 200 MBPS high speed dedicated internet leased line

Client Profiles

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

A well-known fully integrated real estate investment cum asset management firm based in Tampa (FL). They manage a wide variety of commercial real estate assets and provide property management services to 3rd party commercial real estate owners.

A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

A privately owned real estate management firm that specializes in the management of commercial and multi-family properties in the Greater Los Angeles area.

A full service real estate investment management company. The company provides in-house acquisition origination, underwriting, transaction management, asset management, accounting and investor reporting for all investments. The company is based in Denver, CO.

A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.

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Understanding Lease Abstracts- Real Estate Abstract

Useful Articles

The real estate abstract is a concise version of the original lease document. Between one to five pages long, It tells you where to look for detailed information.

A Glossary of Common Lease Terms

Common Lease Terms- Understanding lease words and terms help you fully comprehend your lease agreement. Commonly used words and terms in lease agreements.

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Lease Administration: The Growing Real Estate Necessity

A well-integrated system of lease administration includes the tools and tech that streamline the process into a smooth pulse.

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Common Area Maintenance Terms

NNN lease? CAM charges? Do you know your commercial real estate lease terminology? This article covers CAM expenses and the terms associated with it.

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5 Tips for Commercial Lease Abstraction

Lease abstracts need to be crafted very carefully. It needs to be done by dedicated professionals. Consider outsourcing commercial lease abstraction service.

Read More

Top 6 Tips for CAM Reconciliation

To steer clear of any inconveniences or error potential, always adhered to certain rules for CAM reconciliation. These tips would prove to be of real help.

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Lease Abstraction and Administration Services

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Residential Real Estate Accounting

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Student Housing Accounting

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HOA/Condo Accounting

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Loan Abstraction

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+1 (646) 367-8976

US Office


244 Fifth Avenue, Suite P228, New York, NY 10001, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

Services

Residential Property Accounting
Commercial Property Accounting
HOA/Condo Accounting
Portfolio Accounting
Construction Accounting
Fixed Asset Accounting
Lease Abstraction
Loan Abstraction
CAM Reconciliations
Asset Management
Investment Analysis
Acquisition Support
Financial Dashboard
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Treasury Support Service
Fund Accounting
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Contact Us

US Office


244 Fifth Avenue, Suite P228, New York, NY 10001, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

+1 (646) 367-8976

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Address

US Office

244 Fifth Avenue, Suite P228, New York, NY 10001, USA

919 North Market Street, Suite 950, City of Wilmington, DE 19801, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

Contact Us

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The Real Estate Specialist Since 2006

+1 (646) 367-8976

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At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.

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At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.

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