The day-to-day management of lease data and obligations — rent reviews, break dates, renewals, and compliance — ensuring no critical date or income event is missed across a portfolio.
Related terms
- Lease-up
The process of leasing vacant space to reach target occupancy.
- Opex
Operating expenditure - the recurring costs of running a property.
- Planned preventive maintenance (PPM)
A scheduled maintenance regime that services and inspects building plant on set intervals to prevent failures, rather than waiting for breakdowns; the backbone…
- Property management
The day-to-day operation, maintenance, and tenant servicing of a building.
- Rent roll
A schedule of every tenancy in a property with its rent, lease term, and key dates; the single most important income document in any acquisition or asset-manag…
- Repositioning
Changing an asset use, tenant mix, or quality to improve its performance.
- Reserve fund
Money set aside from service charges to cover anticipated periodic expenditure and smooth year-to-year budget spikes; distinct from a sinking fund in its short…
- Service charge budget
The annual forecast of costs for running and maintaining a building's common parts, apportioned among tenants; it sets the on-account payments later trued up a…