About the role:
A real estate lease abstractor will be responsible for performing day-to-day activities related to lease administration, including abstracting critical lease information and entering data into lease abstraction software. In addition, there is a strong emphasis on the quality of data abstracted because this information will be used by numerous other departments within the client organization.
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 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
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