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Division of Real Estate Services

LEASE ADMINISTRATION

The Lease Administration team is responsible for administering executive branch agency leases with private landlords to include lease management, accounts payable (in excess of $60 million annually) and agency billings. Memorandum of Agreement and Delegation of Authority documents were executed for each agency, capturing the requirements for both DRES and the agency (blank versions of each form can be found in the DRES Forms and Documents Center.)

Lease Administration manages more than 500 leases for executive branch agencies, including some agencies that are in co-location leases. The team also manages sublease administration for the private tenants occupying space in state-owned buildings such as Old City Hall and Main Street Centre.  

Service Fees

The Lease Administration team also handles the monthly billings for DRES services and the fee varies based on transaction type; a flat rate for certain transactions and others are billed as an hourly rate for all activity performed as the transaction progresses.

View current DRES service fees