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AIR CRE Contracts

Score7 out of 10

1 Reviews and Ratings

What is AIR CRE Contracts?

AIR CRE Contracts is a software solution designed to streamline the commercial real estate contract process. Tailored for brokers, attorneys, property managers, and other real estate professionals, this platform offers customizable contract templates, aiming to simplify deal closings for small to large commercial real estate firms. According to the vendor, AIR CRE Contracts is used across various professions and industries, including commercial real estate brokers, attorneys specializing in real estate law, property managers, real estate developers, and commercial lenders.

Key Features

Simple Interface: According to the vendor, AIR CRE Contracts offers a Microsoft Office-based user interface, aiming to provide familiar navigation and a time-saving experience. Users can easily access and edit contracts through this user-friendly and intuitive platform.

Smart Data Entry: The vendor claims that AIR CRE Contracts utilizes auto-fill technology, allowing users to input information once and have it automatically populate fields across all contracts in a package. This feature aims to reduce manual data entry and save time by eliminating the need to repeatedly fill in repetitive information.

Electronic Signatures: AIR CRE Contracts integrates with a DocuSign account, aiming to enable easy and secure electronic signing of contracts. According to the vendor, this feature streamlines the signing process, eliminating the need for physical signatures and expediting deal closures.

Always up to date: The vendor states that AIR CRE Contracts ensures contracts are current with state laws by pushing standard language updates to the app whenever there is a content update. This feature aims to reduce the risk of using outdated language and helps users stay compliant with legal requirements.

Template-Based: According to the vendor, AIR CRE Contracts allows users to easily create and save templates for recurring contract types, aiming to save time and effort. The platform provides pre-designed templates that can be customized as needed, simplifying the creation of new contracts.

Track Changes: AIR CRE Contracts includes margin identifiers that track and highlight every change made in the contract, providing a clear record of modifications. According to the vendor, this feature aims to make it easy to review and understand revisions, ensuring transparency and accuracy.

Missing Field Reminders: The vendor claims that AIR CRE Contracts alerts users if any required fields are left empty and indicates the missing information. This feature aims to help ensure that all necessary data is entered, reducing the risk of incomplete contracts and potential legal issues.

Customizable Formatting: Users have the flexibility to edit features such as fonts, text style and size, and add photos and logos to contracts using AIR CRE Contracts. According to the vendor, this customizable formatting feature allows for personalization and branding consistency.

Integration with DocuSign: AIR CRE Contracts seamlessly integrates with DocuSign, a leading electronic signature platform, aiming to provide easy and secure contract signing. According to the vendor, this integration enhances efficiency and eliminates the need for manual signing processes.

Categories & Use Cases

Top Performing Features

  • Contract search

    Users can easily look up contracts within the database.

    Category average: 8.2

  • Contract creation

    Includes a document generator and tools for creating new contracts.

    Category average: 8.8

  • Contract templates

    Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

    Category average: 8.7

Areas for Improvement

  • Clause library/saved fields

    Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

    Category average: 8.4

  • Guided logic

    Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

    Category average: 7.4

  • Contract editing

    Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

    Category average: 8.3

From a user standpoint

Use Cases and Deployment Scope

We use AIR CRE Contracts for 90% of all our commercial Leases. Some issues we run into are that we do not agree with all the lease language within and so we have to use adobe to edit out the areas we do not want shown since AIR CRE Contracts does not allow me to delete it without redlining the languauge which causes issues between negotiations later on.

Pros

  • They put in a lot of language that balance on both the Landlord and Tenant side
  • They make it easy to fill out
  • You are able to add in language relatively simple

Cons

  • When adding in languauge, it would help if the font sizes were equivalent to the rest of the lease so that we do not have to adjust after
  • Additional languauge for landlord protection
  • Not charging if there was a small correction such as date!

Return on Investment

  • Faster Lease completions
  • Clearer expectations
  • Quick turnaround

Alternatives Considered

Legal Templates

Other Software Used

Microsoft Teams, Microsoft 365, Adobe Acrobat

Usability