Standardize your process when you perform lease abstracting and lease administration online with Realogic Abstract. Store lease documents as well.
Realogic AbstractLearn More Login Webinar You decide what data is important for your organization, then customize Realogic Abstract to standardize the way in which this data is captured. For leases, determine the clauses and provisions to be abstracted and establish custom Clause Lists to standardize the abstracting process throughout your organization. Any clause or provision that you feel is important can be included in the Clause List, and must be addressed by your abstract team for all leases within a building. Also, many of the drop downs in Realogic Abstract may be customized for the needs of your organization.
Finally, create a different Form Template to define the information you would like to capture for each type of non-lease document to be abstracted (i. e. , mortgages, partnership agreements, service contracts, appraisals, etc. ).
Then use the template as a starting point in the abstracting process, insuring that the same information is captured for each document type. Realogic Abstract is entirely web-based, delivered as a “SaaS” (Software as a Service) application. Rather than purchasing the software and loading on to your network or individual machines, you subscribe to the software for a fee and access the application via a secure log-in and password from a web browser. Advantages of SaaS delivery include:Originally designed to meet the needs of the lease abstractor and administrator, Realogic Abstract now accommodates the abstraction of data from all documents related to commercial real estate assets.
Lease data captured via a comprehensive yet easy-to-use interface facilitates the slicing and dicing of financial and non-financial lease data in a manner unlike any other software system available on the market. Through the use of “Forms”, non-lease documents (including, but not limited to, mortgages, partnership agreements, management and leasing...
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