Lease Administrator

Company: LAKESHORE EMPLOYMENT INC
Location: Skokie
Posted on: May 26, 2023

Job Description:

Job Details

Job Location
Skokie Home Office - LSMSK - Skokie, IL

Salary Range
$60,000.00 - $70,000.00 Salary/year

Job Shift
Day

Description

SCOPE:

The Lease Administrator is responsible to oversee lease renewals and rent increases for all tenants; to maintain and update internal guidelines based on state and local laws; to accurately draft and ensure timely delivery of notices; and generally, to act as a subject matter expert on leasing for Lakeshore. The Lease Administrator must maintain familiarity with general landlord-tenant law and stay abreast of changes to state and local law and regulation governing residential leasing, rent collection and security deposits.

RESPONSIBILITIES:

• Review budgets, business plans and other documentation to ensure that lease terms and rent increase dollar amounts are correctly translated into notice and/or lease documents.
• Prepare rent increase notices and ensure timely delivery.
• Administers tracking systems for lease expiration and rent increase dates.
• Research and draft rent increase notice and lease language in consultation with legal counsel, provide lease-related information in both detailed and summary formats.
• Provide guidance to senior leadership and local property managers on lease execution and rent increase communication.
• Act as document library administrator/librarian for all original lease documentation, master lease templates, property specific prospectuses and covenants.
• Track and report unclaimed security deposits; prepare due diligence letters.
• Other projects as assigned by the Director of Asset Management. QUALIFICATIONS:
  • Associates Degree required; bachelors degree preferred; Paralegal certification valued;
  • 3 5 years working in commercial or residential real estate.
  • Excellent written communication; experience with legal writing preferred.
  • High level of skill with MS Office including Sharepoint, Excel and Word; mail merge experience preferred.
  • Exceptional skill in gathering accurately gathering and synthesizing facts and specific details.
  • Ability to identify and solve problems, including failures to adhere to deadlines and processes.
  • Demonstrated ability to for work with sensitive and proprietary corporate information and documents.
  • Ability to thoroughly read and comprehend policies, regulations and litigation related documents. FLSA CLASS: Exempt
    
    REPORTS TO: Director of Asset Management
    
    SUPERVISORY RESPONSIBILITIES: None
    
    JOB CATEGORY: Asset Management
    
    POSITION CLASS: Administrative
    
    POSITION CODE: LEASEADM
    
    COMPETENCIES:
    • Treats everyone with respect, compassion and kindness Builds internal respect and loyalty with customers. Demonstrates concern for customers. Effectively responds to customer needs. This includes responding timely to requests, listening to others, and seeking to understand others when there are differences of opinion, finding ways to build on each others ideas. Acts with empathy and focus, while able to resolve problems.
    • Demonstrate integrity, transparency and doing things the right way Makes lemonade out of lemons. This includes following policies, demonstrating financial responsibility with Lakeshore assets, complying with state and federal law, and practicing safety. Conforms to the highest professional standard. Turns challenges into wins.
    • Collaboration and team work Involve key stakeholders in decision making. This includes developing and maintaining positive work relationships. Enhances the level of mutual cooperation. Actively participates in team-oriented objectives and activities. Focuses on team success, over individual.
    • Solves problems and is transparent about outcomes Champions new initiatives beyond the scope of the department. Seeks to improve in all aspects of work performance. Creates an environment of continuous improvement and innovation. Encourages people to maintain high standards of quality and thoroughness.
    • Serves our employees and residents to improve their lives This includes maintaining the property that creates curb appeal, a welcoming community environment, supports individual and family activities, creates a sense of neighborhood. At work, continually challenges self to grow and develop to be the best you can be at work.
      
      PHYSICAL REQUIREMENTS and WORK ENVIRONMENT:
      
      While performing the duties of this job; the noise level in the work environment is usually moderate; Continually required to sit; Occasionally required to lift up to 10 pounds.
      
      COMPENSATION: $60,000. - $70,000/Yr (Based on experience)
      
      LOCATION: Home Office - Skokie, IL
      
      Lakeshore Management is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify when applying. Employment is contingent upon successful completion of background investigation including pre-employment drug screening. Lakeshore is a smoke-free and drug-free workplace; for the purpose of safety and health for all. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.
      
      Job ID:22673

Keywords: LAKESHORE EMPLOYMENT INC, Skokie , Lease Administrator, Other , Skokie, Illinois