September 21, 2017
Lease Administration Software is a critical tool for organizing your lease data and streamlining your lease administration processes. These industry-specific programs are an integral part of the accounting, administrative and legal requirements typically associated with lease administration. These processes can and often include lease review and abstracting, accounting and processing, lease audits, CAM audits, lease renewal options, repairs and maintenance, information management and reporting, occupancy costs analysis, operating expenses, and document storage and maintenance.
By way of industry-leading software and solutions, the proper lease administration software will allow lease administrators to manage and monitor rental or lease payments, coordinate any tenant alterations and handle lease amendments as needed.
The most advanced lease administration software systems provide extensive bolt-on functionality such as charting, mapping, demographics, project management, contract management, asset management and business intelligence reporting. We can consider these solutions, such as Quarem’s, a one-stop shop for lease administration.
Lease administration can be handled either internally or through outsourcing. Either way, your lease administration experts will need the perfect software solution to help streamline your overall leasing operation.
We dive into the world of lease administration software in these posts.