Lease Management Software
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Buildium is a cloud-based property management solution that enables managers of residential and association properties to take complete control of every aspect of their business, including the rent, vacancy and maintenance cycles.
According to the vendor, Buildium streamlines management of the rent cycle with key features such as tenant and lease tracking, full general ledger accounting, automated rent and late fee reminders and on-demand reports. Additionally, rent collection can be automated; and property managers can receive online…
EZLease provides lease accounting software for ASC 842, GASB 87, GASB 96 and IF…
LeaseAccelerator provides enterprise lease lifecycle automation software that ensures long-term compliance, improves operational effici…
iLeasePro, from iLease Management headquartered in Beverly, MA, offers an uncomplicated approach to lease accounting for Lessees & Tenants of real estate and equipment leases.
Yardi Breeze is a real estate property management software solution, from Yardi headquartered in Santa Barbara. The solution is designed to enable users to administer all elements of managing commercial, residential, multi-family / low income, and association properties, and also…
Yardi Cororm is a cloud-based software platform that combines corporate leases and deals with an accounting system.
The user can analyze, track, collaborate, and managea deal pipeline to execute a real estate strategy and manage a lease portfolio. Users can keep track of critical dates, manage leases, mitigate risks & reduce expenses while automating tasks, workflows and notifications. Corom Occupancy Management allows the user to enable flexible workspaces in an office, ensure their safety and manage f…
A SaaS offering designed to help organizations manage and track real estate and equipment leases, comply with ASC 842 lease accounting requirements and implement space management.
Re-Leased is cloud-based property management software for commercial property managers and landlords, from the company of the same name headquartered in Auckland.
Leasecake is a solution for lease & location management made for commercial brokers & tenants. Everyone owns or leases real estate in their business. Across thousands of business events in a portfolio, Leasecake will automate, organize, and notify customers of their key dates, make…
Accruent acquired Lucernex in 2017 to boost its IWMS or asset management portfolio. Lucernex Lease Administration & Accounting is a real estate lifecycle management platform emphasizing compliant financial contracts and accountancy.
Learn More About Lease Management Software
What is Lease Management Software?
Lease management software, also known as lease administration software, helps prepare, distribute, track, and analyze leases. The software manages lease applications and helps screen lease applicants. It automates lease renewals and manages lease buy-outs and terminations. The software facilitates the management of lease payments and supports the creation of notifications, reminders, and alerts for time-sensitive dates such as lease expiration and renewal dates, and late payments.
The software simplifies the leasing of commercial properties by producing abstracts and stacking plans. Lease abstracts summarize financial, business, and legal information for investors, landlords, and tenants. Stacking plans are charts or schemas that depict available space for lease in a commercial property. The plans also note current occupants, the size of the space, and lease expiration dates.
Lease Management Software provides a repository for leases. Its financial analytic tools help maximize lease revenue. It stores lease-related documentation such as tax forms, renters’ insurance information, service contracts, and maintenance requests. Lease Management Software is used by commercial and residential real estate companies, property managers, leasing agents, and tenant representatives. In addition to standalone products, Lease Management Software is often available as a component of property management software: both Real Estate Property Management Software and Rental Property Management Software.
Lease Management Software Features
Lease Management Software includes many of the following features.
- Prepare, distribute, and track leases
- Manage lease applications
- Applicant screening
- Lease abstracts using AI
- Stacking plans
- Automated renewals
- Lease terminations and buyouts
- Portfolio management
- Lease database with terms, duration, and contact information
- Store lease-related financial and legal documents
- Assert condition tracking
- Basic income, expense tracking, and accounting
- Financial analytics, trends, and profitability reporting
- Property owner, manager, and tenant portals
- Lease templates
- Automated lease workflows
- Custom application forms
- Custom notifications, reminders, and alerts
- e-Signature
- Dashboard
- Compliance reporting
- Mobile application
Lease Management Software Comparison
Consider the following when purchasing Lease Management Software.
Scope: Lease Management Software is available as a standalone solution or can be found in broader property management suites that usually include more robust asset management, marketing, and accounting features.
Use Case: Some lease management solutions can manage equipment leasing as well. This use is popular when equipment is typically leased together with property.
Scale: Lease management software products are available that support a range of clients from small property owners to large-scale commercial operations.
Mobile Apps: Lease management solutions with mobile apps provide a more seamless leasing experience for property owners, managers, and tenants.
Pricing Information
Basic Lease Management Software prices range from $25 to over $100 a month. Depending on the features and services provided, some vendors charge by the number of supported units, usually with a minimum monthly charge ranging from $280 to $1,500 a month. Premier software supporting large commercial operations will require obtaining a price quote. Free trials are available, as are limited free versions.