If you’ve been confused by some of your lease documents, you’re not alone. Commercial real estate leases can be so complex that it seems like they’re in a different language sometimes. Then, other times they actually are written in a different language.
What do you do then?
This is where lease translation services come in. Let’s take a look at when they’re needed, their benefits and how to ensure your lease documents are accurate.
What Are Lease Translation Services?
Lease translation services have a more straightforward meaning than you might think. With these services, your lease is translated by a professional translator (with lease agreement/contract experience) from another language. These can often be completed in dozens of language options and are certified to validate their accuracy. The need for lease translation services will pop up most often with international lease agreements.
Why Do Lease Translation Services Matter?
You might be thinking, “why can’t I just use Google Translate or a standard translator to translate my lease agreements?” Well, for one, accuracy is paramount when it comes to contracts and lease agreements. You don’t want any of the important clauses or details in the agreement to be literally “lost in translation.” Neither is it ideal to have any details slightly incorrect or off base at all.
Secondly, a standard translator likely doesn’t have the commercial real estate experience required to understand and explain complex terms. Think of it like a doctor and a specialist, whether the latter is a translator with deep experience handling rental agreements and contracts and the former is a traditional translator.
How CRE Software Helps
To add another layer of protection for your lease agreements and further reduce the risk of inaccuracies, an investment in commercial real estate software might be warranted. CRE software with lease management features allow you to:
- Create a master lease list with details like translation status or language.
- Organize lease documents and versions effortlessly on the cloud.
- Quickly find need-to-know information to help verify lease agreements.
- Easily collaborate with team members and third-party lease translators.
If you’re interested in seeing how Quarem helps with all aspects of your leases, including easy-to-understand definitions and customer support, request a demo today.
