What is meant by Lease management?
The term "lease management" refers to the systematic administration and optimization of rental agreements for real estate. It encompasses all processes and activities associated with the creation, monitoring, adjustment, and termination of lease contracts. The goal is to increase efficiency, optimize costs, and minimize risks.
Typical software functions in the area of "lease management":
- Contract Management: Digital recording and archiving of all lease agreements and related documents.
- Deadline Management: Automatic reminders for important dates such as notice periods or rent adjustments.
- Rent Accounting: Recording and management of rent payments, ancillary costs, and deposits.
- Reporting: Generation of reports and analyses for performance evaluation of the real estate portfolio.
- Space Management: Administration and optimization of leased areas.
- Communication Management: Central platform for communication with tenants and service providers.