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We all live in a fast-paced world where we would expect everything to happen instantly or get things done quickly. Real estate companies are booming due to advancements in tools and technologies. Many firms have adopted services that save them a lot of time and effort. One such is lease abstraction services! Lease abstraction services
Whether it is lease management, lease accounting or common area maintenance (CAM) reconciliation, one thing that is crucial in order to efficiently manage these processes is access to accurate and relevant lease data. The convenience of having lease abstracted in user-friendly formats that is easy to access and understand is simply unparalleled in this market.
Managing commercial lease is a tedious and complex work. Given the extensive volume of lease portfolios, related paperwork, and several contractual iterations, it is becoming increasingly challenging to track and manage lease contracts efficiently. The challenge is further compounded due to siloed processes and mostly manually managed documentation and filing that restricts holistic visibility into
The impact of the COVID-19 pandemic on your commercial real estate business is undeniably unprecedented and significant. Landlords are compelled to revisit their commercial lease to look for provisions that can help them navigate this crisis and defer and abate rent. However, the deluge of information, shifting situation and legal intervention pose massive challenges in
Technology disruption, data explosion and evolving customer expectations continue pose challenges for business across industries and especially for the commercial real estate (CRE), while creating new opportunities. Although, the industry has been a late mover in adopting technology, players are increasingly realizing the looming threat of being redundant if they fail to keep pace with
Real estate companies are increasingly adopting the process of lease abstraction that allows them to summarize essential business, legal and financial terms and conditions. A summary of key lease provisions makes it easy to locate and access information as per business requirement. However, the volume and complexities of commercial real estate leases can make the