Can I abstract a lease into iLeasePro?
iLeasePro is a lease abstraction tool that has been designed to minimize the abstracting effort and time to complete for both equipment and real estate leases.
For equipment lease abstracting, iLeasePro enables you to walk through a lease in a wizard-like fashion and record the lease terms and dates, clauses & options, insurance, the critical equipment information like location of asset, asset description, serial number, useful life and asset value.
For real estate lease abstracting, iLeasePro enables you to walk through a lease in a wizard-like fashion and record the Property & unit, lease terms and dates, clauses & options, insurance, the critical financial information including base rent, taxes, operating expenses, escalations, percentage rents and expense chargebacks or common area maintenance (CAM).
In addition to these key lease values, iLeasePro allows you to record personalized Notes for each leases and keeps a History of every change made to the lease data.