Lease Administrator Salary
A Lease Administrator earns an average salary of $51,073 per year. A skill in Real Estate is associated with high pay for this job. People in this job generally don't have more than 20 years' experience.
|Salary||$38,237 - $71,471|
|Bonus||$0.00 - $7,016|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$37,277 - $75,574|
|Hourly Rate||$16.47 - $31.07|
|Overtime||$24.13 - $48.38|
|Bonus||$0.00 - $7,016|
|Total Pay (||$37,277 - $75,574|
Job Description for Lease Administrator
Lease administrators generally work at a large real estate firm with a rental portfolio or even a property management company, and their job is to oversee (and keep up-to-date) all contracts pertaining to rental of the properties owned or managed by the company and ensure that any necessary documentation is communicated. They also keep track of all related payments and obligations which may be part of those contracts, such as homeowner's association dues.Read More...
Most of the lease administrator's job focuses on computation, invoicing, and ensuring that lease payments are made on-time and according to schedules. For residential properties, this can be fairly straightforward; for commercial properties, there may be contractual obligations under which part of the lease payment is based on revenues or sales.
Typically, the lease administrator is the first person to initiate action on leases which may be in arrears; he/she may be involved with the company's accounts or collection department in this regard. In some cases, the administrator may be responsible for establishing contact with the lessor to determine a means for receiving payment and establishing terms for such a plan. If further action is required, he/she may need to initiate it. Lease administrators are also responsible for notifying renters as leases near their termination and they may seek to extend the lease, establish new terms, or work out details for the separation of the contract.
Most employers prefer candidates who have at least an associate's or bachelor's degree in a business or administrative discipline. Companies with large rental property portfolios may prefer those with prior practical experience in property and lease management experience, as well. Lease administrators generally work traditional weekly business hours.
Lease Administrator Tasks
- Assists and supports in the delivery of portfolio management, lease administration and lease abstraction services.
- The Lease Administrator also delivers portfolio management services, including monitoring and reporting clients' critical dates, facilitating payment of rents and other payment obligations, performing CAM audits/reconciliations.
- He/she is responsible for the abstraction, data input and review of commercial real estate properties and leases on both a client and project basis.
Popular Skills for Lease Administrator
Pay by Experience Level for Lease Administrator
Pay by Experience for a Lease Administrator has a positive trend. An entry-level Lease Administrator with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 106 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Lease Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $52,000 based on 70 salaries. An experienced Lease Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $55,000 based on 67 salaries. A Lease Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 24 salaries.
Pay Difference by Location
Related Job Salaries
Key Stats for Lease Administrator
Rated 4 out of 5
based on 25 votes.