Management & Administrative Services

You own or net lease your building, or you are a major tenant with internal operational issues.  Now you need to operate efficiently and effectively. 

• Leasing Services
• Lease & Master Lease Administration
• Lease Audit
• Permit Administration
• Facilities Management
• Property Management
• Asset Management
• Tax Abatement

See below for detail of each of these Advisory Services

Leasing Services

NEVILLE looks at leasing services in two parts — first, assistance to the client in acquiring leased space and, second, assistance to the client in leasing out excess space owned or leased by the client.  NEVILLE’s expertise in lease issues includes knowledge of market rates and absorption, common pass through recapture, location factors, understanding of typical lease terms, and employment of skilled negotiators. 

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Lease & Master Lease Administration

NEVILLE’s lease administration services give clarity to the operation’s leases and their lease terms, maintenance of a portfolio record of all lease rights, estoppels, subordinations, and addenda.  Missing a term or misinterpreting a clause can be a very costly mistake for either side – landlord or tenant. 

Services include:

- common area maintenance (CAM) reconciliations

- oversight of landlords or tenants to assure performance

     under the lease

- assist in assuring the best possible economic performance

     for the landlord or tenant client 

Lease Audit

NEVILLE’s lease audit service analyzes and determines the proper payments a tenant should pay.  We carefully determine the financial responsibilities of each party and review all common area charges or reimbursements.  We then open negotiation with the landlord providing third party mediation and allowing for continued positive relations between tenant and landlord.

Permit Administration

NEVILLE’s permit administration may be one of the most important functions outsourced in today’s complex permit atmosphere.  Our maintenance of a detailed list of all permits in place, renewal dates, expiration dates, and requirements for renewal, keeps our clients up-to-date with their current occupancy and use.  NEVILLE’s ongoing efforts in the permit field allows us to also keep our clients in touch with upcoming regulatory issues likely to affect their permit conditions or re-permitting.

Facilities Management

At NEVILLE, facilities management is  meant to describe the maintenance, budgeting, operation and control of the real estate assets of a user and the control of how this real estate portfolio performs both in terms of its benefits to the client as a user and its return on investment as an asset.   Essentially, NEVILLE handles all real estate and facilities functions while our client retains the normal asset management functions.

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Property Management

Property management is the service typically provided to landlords and is required when a client owns stand-alone investment property or where the client has sub-tenancy requiring rent collection, repairs and maintenance, lease renewals, and other landlord functions.  In this case NEVILLE takes over all day-to-day functions of the property in terms of the tenancy, maintenance, budgeting, operations and control.  There are cases where both facilities management and property management may be required in the same structure.

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Asset Management

NEVILLE‘s asset management provides the financial controls to examine the ongoing viability of a real estate asset as an investment.  Through asset management the investor gains information on economic performance of the real estate asset, as well as comparable information on other investment vehicles in order to make an educated analysis of the quality of the investment.  This form of analysis has become common for massive institutional investors in real estate such as insurance companies and REITs and is becoming a larger focus for typical corporations and institutions.

Tax Abatement

NEVILLE‘s tax abatement service assists as a third party expert negotiator in obtaining an equitable real estate tax assessment from your local assessor.  With the assistance from your counsel, we provide valuation analysis, assessment adjustments for tax equity and consistency, and determine the best argument in order to obtain equity.  We file the appeal on your behalf and represent your best interests in resolving a reasonable valuation with the assessor.