A lease analyst tracks lease documentation and financial data, communicates with tenants, and processes charges associated with a lease. They work in property management and can handle commercial or residential property leases, requiring a bachelor’s degree and related experience. The analyst generates initial requests for creating a new grant document, makes revisions to existing documentation, and generates financial tracking reports.
A lease analyst works in property management to track lease documentation, the financial data generated by those leases, and occasionally communicate with tenants regarding the terms of their leases. This position is usually created specifically by the employer who posted it to facilitate the leasing and accounting departments of a property management group. Individuals applying must be prepared to perform a wide variety of tasks. Qualifications for employment usually consist of a bachelor’s degree and related experience in the property management industry.
Responsibilities for this type of work are usually posted and finalized by the hired employer, based on the needs of the company. A leasing analyst can work on commercial or residential property leases. Duties tend to include keeping financial records, preparing and submitting invoices, or following up on document preparation at each stage of development. Most companies require applicants to hold a bachelor’s degree in a related field, and students looking to pursue a career in this industry may find it beneficial to take courses in finance, accounting, and real estate.
A lease analyst is generally responsible for processing any charges associated with a lease. This can include tracking whether tenants have paid their monthly rent, outside management fees, and security deposits. The employee may be required to send bills and reminders as fees are due and send invoices after they are paid. She can also handle billing disputes that may occur between landlord and tenant during the term of the lease.
Leases tend to take between two weeks and six months to generate, depending on the complexity of the legal language that the tenant and landlord want to put into the document. Residential property leases are generally short and follow a standard format developed by the landlord. Tenants may be required to provide a security deposit, background and credit check, and sign legal disclaimers prior to residing. The Lease Analyst can serve as the point of contact for tenants, asking them to sign documentation and process all required basic information.
A commercial property lease tends to be much longer than one used in the residential market and does not follow a general format. A landlord can submit an initial draft lease to a tenant for approval, and will then receive documentation from the tenant with a list of requested changes. The negotiation process between the legal entities of both parties may require two to three drafts before the final document is fully signed. The leasing analyst usually follows the document clerically through each phase of negotiations and alerts all appropriate parties once it is completed, signed and returned to the tenant. She can also notify tenants when they are able to move into their new space and need to pay rent.
Other job requirements for a grant analyst may include generating initial requests for creating a new grant document. She may also be required to make revisions to existing documentation for tenants who are changing their leases or negotiating to renew an expired lease. Analysts often use grant data to generate a variety of financial tracking reports. These reports typically calculate the current and future rents for existing properties and the profit margin the landlord can expect to earn with each signed lease.
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