The average salary for a Lease Administrator is $51,845.
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What Do Lease Administrators Do?
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.
Most of the lease administrator's job f…Read more
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.
Job Satisfaction for Lease Administrator
Popular Employer Salaries for Lease Administrator
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Somewhat common (8 - 20%)
Lease Administrator Job Listings
What Are Popular Skills for Lease Administrators?
Skills in Legal Document Review, Abstracting, Accounting, Real Estate and Administration are correlated to pay that is above average.
What is the Pay by Experience Level for Lease Administrators?
An entry-level Lease Administrator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $43,002 based on 22 salaries. An early career Lease Administrator with 1-4 years of experience earns an average total compensation of $47,272 based on 188 salaries. A mid-career Lease Administrator with 5-9 years of experience earns an average total compensation of $53,366 based on 83 salaries. An experienced Lease Administrator with 10-19 years of experience earns an average total compensation of $63,519 based on 107 salaries. In their late career (20 years and higher), employees earn an average total compensation of $66,805.
Pay Difference by Location
Employees with Lease Administrator in their job title in Los Angeles, California earn an average of 27.3% more than the national average. These job titles also find higher than average salaries in New York, New York (25.4% more) and Houston, Texas (16.9% more). The lowest salaries can be found in Philadelphia, Pennsylvania (7.3% less) and San Diego, California (3.5% less).
Years of Experience
This data is based on 441 survey responses.