The Facility Management Handbook, 4th Edition

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 ...