1/19/2027
11 am PT / 12 pm MT / 1 pm CT / 2 pm ET
*approximate length: 45 minutes to 1 hour
Presenter: Tom Elmer, CPM®
Once the lease is signed, lease administration begins immediately. Effective lease administration has significant operational and financial impacts on both landlords and tenants, establishes their business and personal relationship, and impacts the tenant’s willingness to stay in the property. Commercial leases are complex, and unique to each tenant, requiring a solid understanding of lease terms and their impact on the administration process.
Join Tom Elmer, CPM as he explores the intricacies of commercial lease administration, including tips and best practices for working collaboratively with tenants.
After attending this webinar, you will be able to:
- Understand key commercial lease terms and provisions, and how to monitor for compliance
- Identify and discuss lease sections that have the most significant financial impact
- Define operating expense recovery structures and processes, and tenant audit rights
- Be aware of option terms that can impact the lease and the landlord/tenant relationship
Tom Elmer has been involved in virtually every aspect of real estate investment, development, and management during his 40-plus-year real estate career, including both investor and corporate-user perspectives. Currently CFO and Managing Partner of Oakwood Partners, LLC, a real estate investment and consulting company, Tom’s background includes commercial asset and portfolio management, strategy and operations consulting at Deloitte Consulting, and CFO roles with national development, investment, and management companies. Tom is a CPM and long-time instructor of IREM’s financial management courses in the U.S. and internationally. He has also served as past co-chair of IREM’s Asset Management Committee, a planner and host of several Asset Management Symposiums, and contributor to the development of IREM courses and its Financial Analysis Spreadsheet.