Commercial Lease Administration
ROCK’s experienced Lease Administration team eliminates the time and burden associated with managing leases, allowing owners to embrace other business opportunities. Annually ROCK’s Lease Administration team handles over $12M in collections for 275+ leases.
Services
- Preparation and maintenance of lease abstracts
- Annual monitoring of tenant insurance compliance
- Tracking of lease options and renewal dates
- Tracking changes in the Consumer Price Index (CPI) for calculating lease rate escalations
- Providing notification of scheduled rent increases
- Lease accounting including billing of security deposits, rents, and budgeted common area maintenance (CAM) charges
- Collection of security deposits, rents, and budgeted CAM charges
- Collection calls and notices on delinquent accounts
- Assessment of late charges and other fees on overdue payments in accordance with lease agreements and owner directives
- Providing notification of delinquent accounts to owner
- Issuance of tenant default notices on behalf of the landlord
- Calculation of administration, leasing, and management fees, if applicable
- Disbursement of lease commissions to all real estate brokers involved in transactions
- Disbursement of net proceeds to owners
- Electronic payment option for owner
- Electronic payment option for owner’s tenants (payments collected on due date)
- Issuance of annual IRS Form 1099s to payment recipients
- Support owner in lease audit requests from tenants
Case Studies

1805 Loucks Center, York, PA
Product: Multi-Tenant Office
Size: 27,000 SF
Client: 1805 Loucks Center, L.P.
Services: Lease Administration

8-Building Portfolio, York County, PA
Product: Industrial/Retail/Office Mix
Size: 182,000 SF
Client: Space Leasing
Services: Lease Administration

9-Building Portfolio, York County, PA
Product: Industrial, Retail
Size: 269,431 SF
Client: DGR Partners, LP and Willow Springs Partnership, LP
Services: Lease Administration
Testimonials
