LAS - Lease Administration System
Designed to provide a front-end system for Sage Timberline Office's Property Management application, the Lease Administration System, or "LAS", allows property managers, leasing brokers and their staff to enter and track new and renewal leasing activity. LAS was developed to simplify the lease prospecting and approval process and is seamlessly integrated with the Sage Timberline Office Property Management module, allowing for approved leases to be imported directly into this system.
Lease Administration
- Easy-to-use screens assist with preparing even the most complex of leases and provides for a comprehensive lease abstract
- Compare prospective lease deal points against the existing lease, budgeted lease assumptions or against any other lease in the system
- Track contacts on the lease
- Supports a variety of leasing commission calculation methods and pay-out schedules by contact
- Calculates Tenant Improvement and user definable "Other Leasing Cost"
- Interfaces with Accounts Payable for the creation of a broker commission invoice
- Interfaces with Accounts Receivable for the creation of a management company invoice to owners\clients.
- Word merge documents for creation of a completed lease agreement.
- Provides a variety of Marketing (Pipeline) and Absorption reports.
- Advanced security allows for the controlled editing of exiting leases.
Ease of Use
- Access to data can be restricted by assigning users to groups of properties
- Print or e-mail approval forms, abstracts and analyses
- Differentiate between landlord and tenant obligations for tenant improvements
- Generate management level reports that reflect leasing activity, vacant units and expiring leases across the portfolio
The underlying lease database is shared with Budget Administration System, allowing Asset Managers to conveniently select any lease, whether new or renewal, to be included in a budget year, type and version. This shared database allows LAS to perform comparative lease analysis against a budget year, type and version.
Click here to view a brochure on LAS
