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Corporate

For organizations large and small, occupancy costs typically represent the second largest expense after payroll and benefits.  As such, how you manage your leases can represent one of your biggest opportunities to significantly reduce your real estate costs and increase your profits, company-wide.

Fell Lease Administration has been saving corporate occupiers millions annually by providing best-in-class lease administration services.  Our team of expert real estate lawyers, lease accountants, and lease administrators will deliver far more tangible and intangible benefits than you can achieve on your own.

The top benefits of engaging Fell Lease Administration:

  •  Prepare for the impending FASB Lease Capitalization/Lease Accounting changes
  •  Eliminate missed critical dates and resulting costs
  •  Prevent missed “free rent” periods that lead to unnecessary payments
  •  Lower your operating costs by avoiding overpayments and penalties associated with Operating Expenses, Real Estate Taxes and Insurance
  •  Ensure accurate tracking of your Security Deposits and Tenant Improvement Allowances
  • Accurately calculate any CPI increases and apply them properly
  •  Eliminate the added cost associated with late payments or holdovers
  •  Produce accurate and timely reporting in compliance with SOX and GAAP guidelines
  •  Improve executive decision support through better reporting
  •  Improve the service and communication to your internal stakeholders

Retail

As a retailer, real estate costs are often your number one long-term financial obligation.  While sales may drive revenue, managing your portfolio wisely can significantly reduce your real estate costs, thereby increasing your return on those sales. Fell Lease Administration has been helping retailers drive down costs and increase savings by providing expert, cost effective lease administration services.  Our team of real estate lawyers, paralegals, lease accountants and administrators will work with your team to bring more to the bottom line than you can achieve on your own.

The top benefits of engaging Fell Lease Administration:

  •  Prepare for the impending lease accounting changes
  •  Eliminate missed critical dates and resulting costs
  •  Lower your exposure by discovering billing discrepancies
  •  Protect your downside by taking full advantage of co-tenancy and kick out clauses
  •  Eliminate costs and lost revenue associated with delayed store openings
  •  Eliminate penalties on and overpayments of minimum and percentage rent obligations
  • Lower your operating costs by avoiding overpayments and penalties associated with CAM, Real Estate Taxes and Insurance
  •  Accurately calculate your CPI increases and apply them appropriately
  •  Ensure construction allowances are credited accurately
  •  Collect every permissible dollar from your subtenants
  •  Improve your relations with landlords and vendors

Industrial

Whether the portfolio contains warehouse, manufacturing or a combination of these or similar facilities, your industrial portfolio, leased and owned, will look very different from its retail or office counterparts. While the per square foot expense may be less than in other types of property interests, occupancy costs still typically represent a significant percentage of your expenses. We help you manage your portfolio to significantly reduce your risk relating to real estate costs and increase your profits.

By outsourcing to Fell’s team of expert real estate lawyers, lease accountants and lease administrators you are entrusting us to deliver far more benefits than you can achieve by devoting your own resources to the function.

The top benefits of engaging Fell Lease Administration:

  •  Prepare for the impending lease accounting changes
  •  Insure proper treatment of ‘Gross”, “Industrial Gross” and “Net” leases
  •  Lower your exposure by discovering billing discrepancies
  •  Review and advise you on leasehold maintenance and repair obligations
  •  Lower your operating costs by avoiding overpayments and penalties associated with Operating Expenses, Real Estate Taxes and Insurance
  • Accurately calculate any CPI increases and apply them properly
  •  Eliminate the cost associated with late payments
  •  Produce accurate and timely reporting in compliance with SOX and GAAP guidelines
  •  Improve executive decision support through better reporting
  •  Improve the service and communication to your internal stakeholders

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