Lease administration software helps commercial real estate professionals prepare, analyze, and distribute leases and relevant documentation. Lease administration software provides a centralized database that stores deal information and built-in financial analysis tools. These enable users to manage lease payments, prepare abstracts and stacking plans, and analyze lease-level financial information. These products also allow users to set custom email reminders, also called critical date alarms, for important tasks and events such as lease expirations. Lease administration software is commonly used by leasing agents and tenant representatives at commercial real estate companies. These systems streamline deal workflows and facilitate pipeline management. Lease administration systems frequently supplement the built-in rental management capabilities of property management systems. Lease administration also works with real estate portfolio management software to present property owners with a holistic view of their real estate assets.
To qualify for inclusion in the Lease Administration category, a product must:
- Store lease data for an organization, including lease terms, duration, and relevant contact information
- Facilitate financial analysis and reporting of with built-in accounting and budgeting features
- Allow users to customize and set critical date alarms
