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The Facility Management Handbook, 4th Edition by Richard Payant, Kathy O. Roper

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7

Lease Administration and Property Management

Pulse Points

  • A company with multiple facilities requires careful lease management.
  • The facility manager needs to be familiar with the principles of property management.
  • When real estate development is the organization's goal, the facility manager should be part of the corporate development team.
  • Properties should be disposed of when they are no longer of value to the organization.
  • Development projects that are designed specifically for investment or resale purposes may severely inhibit the owner's flexibility to respond to the productivity support needs of his or her own workforce.
  • Public sector facility managers must be politically astute in disposing of major public facilities.

Regardless of ...

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