The decision that sits alongside it is whether to exercise a break at all, and that is a utilisation question rather than a legal one. Knowing which floors are genuinely used, and how consistently, is what turns a lease event from a deadline into an opportunity.
Common questions
What does Lease Administration mean in simple terms?+
Lease administration is the discipline of keeping track of what a property portfolio has committed to: rent and service charge, review dates, break clauses, expiries, and the obligations attached to each. It is unglamorous and consequential, because a missed break date can lock an organisation into space it no longer needs for years.
How is Lease Administration measured and reported?+
The decision that sits alongside it is whether to exercise a break at all, and that is a utilisation question rather than a legal one. Knowing which floors are genuinely used, and how consistently, is what turns a lease event from a deadline into an opportunity.