Client Support  |  Gurgaon, India  |  Full Time  |  Experienced

Lease Abstractor

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Description

Key Responsibilities

  •  Abstract and interpret commercial lease documents such as leases, amendments, subleases, termination agreements, etc. Input lease data into lease abstraction/accounting platforms like Leverton, ProLease, MRI etc
  • Review peer abstracts to ensure all critical lease data is captured and entered accurately into accounting/lease system platform including tenant billing information, lease dates, square footage, recurring charges, lease option, etc
  • Track and work with internal client stakeholders to obtain required documentation related to development milestones, rent commencement notices, etc
  • Review and maintain Consumer Price Index tables and process annual CPI rent escalations
  • Maintain and update tenant/landlord naming & use descriptions for reporting purposes
  • Flag items requiring additional information to follow up with client stakeholders
  • Coach and train the new team members on the lease abstraction process
  • Develop workflows for increasing the overall abstraction accuracy of the team

Desirable Skills for an Abstractor

  •  Strong experience in Lease Abstraction domain specifically in US Real Estate industry back office operation ranging from Office, Retail and Industrial Portfolio
  • Clear understanding of contractual terminologies
  • She/He should be interested in conducting research and should have an eye for details.
  • Ability to read, comprehend, and interpret standard to moderately complex documents
  • Strong attention to detail with a commitment to accuracy and quality while meeting goals and deadlines
  • Ability to learn new applications and processes with limited oversight
  • Priority setting, organization and time-management skills
  • Strong verbal and written communication skills
  • High level of professionalism, trust, and integrity
  • Flexibility, eagerness to learn, and desire to work in a fast-paced and evolving organization.

Qualification

  • Graduate by education. Degree in Law preferred
  • Minimum 4 years of experience in lease abstraction work preferably in commercial real estate (including retail). Experience with analyzing data and problem solving
  • Experience in reading, comprehending, and interpreting documents.

 

 

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