Lease Abstracting: Abstracting provides an alternative and effective way to address problems facing today's corporate real estate managers. As corporations are forced to reduce staff, issues requiring their attention are increasing, causing undo stress and time constraints. Limited time and resources restrict a manager's ability to explore new systems and time saving methods to administer corporate real estate portfolios.
Corporations today are knowledgeable and their expectations are high. Abstractors offer services that are on the cutting edge of industry and include a complete review of all lease documents, an inventory of all leases and related documents, a narrative abstract of all salient lease provisions and scanning of all current and future lease documents into the client's centralized database. While abstracting is not a silver bullet, it does provide an accurate, concise, time sensitive snapshot of lease requirements, deadlines and expectations.
Property Management: What sets apart one management company from another? Their decision and formula for providing clients and personal customized management and leasing services that are attentive, straight forward, financially sound and efficient. Exceptional management companies strive to preempt problems, control and/or reduce expenses, promote property value enhancements and provide cash flow analysis to the project, the owner's investment and complement his goals.
Louise Kahler is director of commercial development at IMT Real Estate, Norwich, Conn.Louise Kahler