What is lease management ? Lease management services assists Landlord(s) holding income generating real estate assets and Tenant (occupying premises on rent) , in managing their Lease agreements, Contracts and Leave & License agreements by abstracting and summarizing key provisions contained in such agreements.
Why Lease management ?The obligations of a lease require constant attention long after the terms are forgotten by the parties who negotiated them. The consequences of missing an obligation in a lease can be costly. Imagine the potential cost of failing to provide timely notice to extend the term or being unaware of a renewal/ termination.
What does it provide?It provides accurate, ready-to-use, timely information in a consistent format to make an intelligent decision regarding the Lease.
What are its constituents ?
- Lease Abstraction : An accurate and timely comprehensive summary in a consistent and easy to read format.
- Lease Monitoring : Effective key date management and resulting in timely communication on the way forward in a lease .
- Lease Document Management : Scanning paper leases and documents into PDF format. Once scanned, documents are uploaded into a server space for access.
- Lease Restructuring : Helps in avoiding the potentially devastating pitfalls of post-deal resentment and retribution bringing a wealth of positive benefits.