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Posted by accesscommercials on September 23, 2024 at 6:17am 0 Comments 0 Likes
At Access Commercial, we understand that every business has unique transportation needs. That’s why we provide a wide range of commercial vans to ensure you find the right fit. Whether you’re a small business needing a single van or a large enterprise building an entire fleet, Access Commercial is committed to delivering reliable and cost-effective vehicles. From robust cargo vans designed for heavy-duty work to versatile passenger vans perfect for client transport, our inventory includes…
ContinuePosted by Adele on September 23, 2024 at 6:17am 0 Comments 0 Likes
Renewals are a key component of your lease agreements. Lease renewals present you the opportunity to get out of leasing situations that are not in your favor, while allowing you to reap the benefits of really great lease deals. Renewals also offer scope for renegotiating lease terms and conditions. Missing out on lease renewals can mean termination of the lease,…
ContinueAdded by Rebolease powered by Re-Back on May 4, 2022 at 5:00am — No Comments
Investing in a lease administration software is a must to stay on top of your lease portfolio and for efficient ongoing lease management. While there’s no doubt that lease administration software programs are indispensable, things start to get a little tricky when it comes to selecting a lease administration software. Our blog this week discusses the key elements…
ContinueAdded by Rebolease powered by Re-Back on April 26, 2022 at 6:27am — No Comments
Staying on top of your lease portfolio can be challenging, especially when your lease portfolio consists of hundreds or even thousands of leases spread across the country or the globe. Lease abstracts help by ensuring that all the key financial and non-financial information contained in your leases are available for your use in a clear and concise…
ContinueAdded by Rebolease powered by Re-Back on February 17, 2022 at 3:40am — No Comments
Artificial intelligence (AI) and machine learning are fast becoming an integral part of lease abstraction and administration processes. Lease abstraction software and modern lease administration platforms deploy innovative AI and machine learning technologies to make lease portfolio management more efficient. This blog discusses the role AI can play in lease…
ContinueAdded by Rebolease powered by Re-Back on February 9, 2022 at 7:17am — No Comments
Usually, CAM charges and reconciliation are discussed a lot from the tenant’s perspective. After all, the onus of pointing out any discrepancies in the CAM calculations lies with the tenant and not the landlord. However, the CAM reconciliation season can be quite a handful for…
ContinueAdded by Rebolease powered by Re-Back on January 14, 2022 at 12:00am — No Comments
CAM or Common Area Maintenance charges are a critical component of Triple Net leases. Our blog this week discusses the various types of CAM calculations that may find their way into your lease. But, before you proceed, if you’d like a quick refresher on what CAM constitutes, please check out our last blog post,…
ContinueAdded by Rebolease powered by Re-Back on January 7, 2022 at 4:00am — No Comments
CAM or common area maintenance charges are an important element of the rent roll. As the name signifies, CAM charges refer to the expenses incurred by the Landlord on account of maintaining the common areas of the leased premises. Since these areas are common and shared by all tenants, landlords usually split the common area expenses amongst all the tenants.…
ContinueAdded by Rebolease powered by Re-Back on December 23, 2021 at 12:30am — No Comments
A lease abstraction project is complex by nature. There are usually hundreds of leases to be abstracted, multiple documents to be referred to and a lot of key data to be captured. It involves investing considerable time, money and human resources. So, it makes sense to ensure that every lease…
ContinueAdded by Rebolease powered by Re-Back on December 10, 2021 at 12:54am — No Comments
Common Area Maintenance (CAM) charges form a major chunk of your lease costs. It is not uncommon for tenants to find that they have been overcharged erroneously by the Landlord. In our blog this week, we provide a checklist that tenants can refer to when verifying their CAM charges. This checklist highlights the most common areas of error when it comes to…
ContinueAdded by Rebolease powered by Re-Back on December 3, 2021 at 1:00am — No Comments
When getting your leases abstracted, you should consider the stakeholders who will be using the lease abstract information. This is important because only when you identify the stakeholders and each of their requirements, will you be able to create lease abstracts that capture all the data…
ContinueAdded by Rebolease powered by Re-Back on November 26, 2021 at 3:30am — No Comments
Lease abstraction projects can be divided into 2 phases, namely, the pre-abstraction phase and the post-abstraction phase. The pre-abstraction phase is extremely important as it sets the tone for the rest of the project. The success of a lease abstraction project largely depends on the actions taken during the pre-abstraction phase. Our blog this week discusses a…
ContinueAdded by Rebolease powered by Re-Back on November 23, 2021 at 11:48pm — No Comments
Lease abstracts are critical to effective lease portfolio management. Lease abstracts offer a summary of the key financial and non-financial elements of a lease thus allowing the landlord or tenant to have timely access to important lease data without having to pore through the entire lease and related documents. However, for…
ContinueAdded by Rebolease powered by Re-Back on November 15, 2021 at 5:51am — No Comments
Staying on top of lease portfolio takes time and effort–consistently. It is not a one-time process, or something that you do, when time permits. At the same time, there are some aspects of lease portfolio management that demand a lot of time initially and then, only minimal investment of time, on an ad-hoc basis.…
ContinueAdded by Rebolease powered by Re-Back on October 25, 2021 at 3:18am — No Comments
Rent is one of the key components of any lease. In fact, the rent roll is the core of any lease agreement. However, it can also be one of the most complicated elements. Sometimes, owing to its complexity, tenants may even end up paying more than what they owe. In this blog, we discuss what constitutes the key elements of the rent roll that tenants shouldn’t…
ContinueAdded by Rebolease powered by Re-Back on October 19, 2021 at 6:30am — No Comments
Accurate CAM reconciliation can help you save thousands of dollars annually, especially if you are a retail tenant. Retail leases are vast and have a lot of industry (retail) specific clauses that impact your CAM calculations. While, as a retail tenant, you may agree that CAM…
ContinueAdded by Rebolease powered by Re-Back on October 8, 2021 at 2:42am — No Comments
In our blog this week we discuss how RE BackOffice deployed its state-of-the-art Lease Abstraction Software, LeaseAI to successfully complete a large-scale lease abstraction project for its client
Who was our client?
Our client was an American fast-food corporation with a…
ContinueAdded by Rebolease powered by Re-Back on October 5, 2021 at 5:16am — No Comments
Both, lease audit and CAM audit are important functions in the process of lease portfolio management. Though used interchangeably sometimes, they actually refer to two different lease administration services. This blog discusses the difference between the two terms. Let’s begin by defining…
ContinueAdded by Rebolease powered by Re-Back on September 24, 2021 at 4:53am — No Comments
A key aspect to consider before you sign on a lease abstraction partner is their project management and communications protocol.
Lease abstraction
Familiarize yourself with your lease abstraction partner’s abstraction process. Learn more about the team that will be deployed by…
ContinueAdded by Rebolease powered by Re-Back on September 20, 2021 at 6:22am — No Comments
Are you migrating your lease data from one lease management platform to another? Then make sure you don’t do so blindly. In fact, Data Migration from one application to another is a good opportunity to audit your lease data and lease abstract data, identify mistakes and gaps and fix them. When you are shifting…
ContinueAdded by Rebolease powered by Re-Back on September 8, 2021 at 5:06am — No Comments
You can leverage your lease abstract to its maximum potential by integrating with a lease management software platform. When it comes to investing in lease management software, you’re spoilt for choice. With so many lease management platforms in the market, picking one lease management…
ContinueAdded by Rebolease powered by Re-Back on September 2, 2021 at 9:38am — No Comments
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