If you’d ask any real-estate executive of a company, “how do you manage the lease portfolio of your organization?”, they are likely to offer you spreadsheets or other similar software as the answer. However, the increasing complexity of the lease accounting landscape has made it difficult to determine whether a lease agreement is following regulations […]
Tag Archives: lease abstraction
Why Lease Abstract Services Are Important for Effective Data Management
Getting lease abstract services helps you to get relevant data from a lease document. This is usually signed by both the tenant as well as the landlord. Furthermore, these services have gotten enough recognition during the present time. The better these services, the more efficient your data management will be. Now, let’s understand the basic […]
Your Guide to Building an Effective Lease Administration Process
Efficient lease administration process in any company aids the organization to achieve a scalable, streamlined and convenient processing of commercial real estate operations. It further helps in eliminating cost redundancy and unnecessary legal exposure. Unlike administration that merely deals with rent collection and lease obligation fulfillment, lease administration process can play a complex role in […]
Understanding The Lease Abstraction Process
Lease abstraction process refers to the way in which the important or crucial points covered in a real estate lease agreement are summarized. A lease abstract summarizes the key aspects of a lease agreement from a legal, business, and financial point of view. A reader can understand the salient features of a lease agreement by […]
Understanding Lease Abstracts- Real Estate Abstract
What is a Real Estate Abstract? In the commercial world, a real estate lease is amongst the most important documents. Although not everyone is equipped to understand the legal terminologies, this further necessitates the use of lease abstract. It is a precise summary of crucial information from an extensive lease document. It allows you to […]
A Glossary of Common Lease Terms
Understanding lease words and terms help you fully comprehend your lease agreement. Below are some commonly used words and terms in lease agreements and their definitions: Common Lease Terms Base Rent The minimum rent payable by a tenant excluding all other charges and dues. Breakpoint The gross sales amount point after which a tenant is […]
