That is software for people who manage leases, particularly real estate properties. These software packages are essential to people and corporations who own a large number of properties. It would be so hard to keep track of each property on paper, including such information as when taxes are due, when rent is due, and so forth, while using an old pen and paper system. There obviously isn't a huge market for this type of software, and it is very expensive to develop, so the price is going to be very high. Since software comes on a CD-ROM disc that costs practically nothing to produce, the marginal cost for each new customer decreases. Since the market will probably never be oversaturated, the marginal cost could be expected to decrease indefinitely, which is why these companies are willing to market so much.
Common Features
- Lease Administration - Administration and integrated views of payment processes, lease data and financial aspects of contracts and responsibilities
- Cash Flow Management - Straight line rents, percent rents and space utilization
- Reconcile expenses and view sales history
- Critical Dates - Receive notifications of renewals and option dates automatically
- Lease Tracking - Track critical details, legal parties, insurance, clauses, payments and payment lines
- Payment Calculations - Calculate recurring payment streams based on all escalations and offsets
- Role Based Access - Determine roles and responsibilities related to leases and property management
- Incident Reporting - Manage and report on any property-related incident
- Customization - Customize system down to units and departments with extended attributes
- Integration - Easily integrate with third party systems
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