As the New Year draws near, most professionals responsible for commercial lease management are laser-focused on the next year’s goals. Before going too far down that path, it’s well worth your time to take stock of lingering issues from the current year, as well as create a plan for managing
Most tenants accept their lease options and conditions as if they’re etched in stone. But just when you think something is non-negotiable in the commercial real estate world, think again. When the Property Works Advisory Group works on your behalf, they’ll seek more favorable terms and TI allowances. They’ll even
The Industry’s Leading Approach Landlord approval is a key component of deals requiring a transfer of assets, merger, acquisition or refinance. While gathering landlord signatures may sound like a simple task, it requires significantly more time, resources and negotiation skills than most people realize. Handling the project in-house detracts from
Following payroll, occupancy costs represent the highest expense category for multi-unit operators. To keep Occupancy costs as low as possible, its critical to verify that balances are correct, the right calculations have been applied and all the billbacks align with the lease language. When a seasoned team audits all lease
If you’re a retail operator, there are seven critical ways to optimize your lease portfolio. By keeping these issues top-of-mind, you’ll have time to strategically plan for changes, take advantage of time-sensitive opportunities, and even cut your losses when the time is right. Continually focus on all leases expiring within
Lack of communication between tenants and landlords is a common issue for multi-unit operators, especially when it comes to obtaining past-through data necessary for auditing occupancy costs (OC). However, there are ways to boost responsiveness and reduce your heartburn. Download Full Article
WKS has over 350 Leases and has been a client of Property Works for 13 years. We currently use the database function and process the updates ourselves. We are always able to get first-class customer service to help us with training and implementation of the system tools. I cannot imagine
In 2010, after a sizable acquisition of additional restaurant locations, we knew we needed more control of our lease obligations. We found our perfect solution with Property Works. A web-based solution which allows us access to lease information and documents anytime, anywhere Excellent, concise reporting with summary or detailed lease
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Bojangles’ Famous Chicken ‘n Biscuits, an American regional chain of...
Imagine you’re about to open a new retail location. You’re...
Most professionals are diligent about posting meetings and conferences on...
