RETAIL MANAGEMENT

LEASING DEPARTMENT

Lease administration is a department that usually falls under an

organization's real estate department. Lease administration
involves receiving rents from facilities they own and paying rent
for the facilities they lease.

Leasing is becoming a preferred solution to resolve fixed asset

requirements vs. purchasing the asset. While evaluating this
investment, it is essential for the owner of the capital to
understand whether leasing would yield better returns on capital
or not.
The professions relating to lease department are lease review and
abstracting, accounting and processing, lease audits, CAM
charges, lease renewal options, repairs and maintenance,
information management and reporting, occupancy cost analysis,
operating expense review, and document storage and
maintenance.
It s an integral part of the accounting, administrative, and legal
requirements normally associated with a real estate portfolio.
 VERTICAL MARKETING SYSTEM

A vertical marketing system (VMS) is one in which the main

members of a distribution channel-producer, wholesaler, and
retailer-work together as a unified group in order to meet
consumer needs.
In a corporate VMS, one member of the distribution channel
owns the other members. Although they are owned jointly, each
company in the chain continues to perform a separate task. In an
administered VMS, one member of the channel is large and
powerful enough to coordinate the activities of the other
members without an ownership stake.
 n vertical integration, a company expands its operations by assuming the
activities of the next link in the chain of distribution. For example, an auto
parts supplier might practice forward integration by purchasing a retail outlet
to sell its products.