Developed and enhanced over a 15 year period, the Lease Analysis
and Maintenance System (LAAMS)
is a powerful software tool that allows corporate real
estate professionals to analyze existing and proposed leases and
manage their corporate lease portfolio. The easy to use maintenance
system is designed to track the most essential lease information and
produce simplified management reports for larger portfolios of leased facilities.
These reports assist in making
appropriate day-to-day business decisions before, during and after
each of the lease transactions or strategic decisions when considering
an entire portfolio
LAAMS is very easy to learn and is designed with a user-friendly
interface.
LAAMS consists of two distinct functions:
The
Lease Analysis System is utilized
when comparing alternative financial proposals for a lease renewal
or relocation - inserting all the many variables involved in a proposed
lease space such as rate, term, estimated expenses and increases,
leasehold improvements, parking and other costs associated with
office space. The lease analysis system automatically calculates
total dollar commitment and discounted cash flows during the term
of the lease. This makes "what if" calculations a very
simple task while providing an "apples to apples" comparison
of alternative buildings. The final cash flow for a transaction is easily transferred
to the maintenance system. There it will be updated as needed and used to provide
financial reports for the entire portfolio.
The
Lease Maintenance System tracks all
vital information and dates covered by each lease document in the portfolio. It not
only allows a corporation to track vital information such as expirations,
notice dates, landlord information, etc. but also provides tracking
of lease expenditures based upon rental rate, square footage, estimated
expenses and increases, CPI variations and any other variable typically
encountered in a lease transaction. All financial information is
generated for the entire term of the lease and is produced on a
fiscal year basis. Leases can be grouped (ie company, client...)
and then catagorized (ie regions, divisions, international...).
Reports can be then be run by any combination of the groups and catagories.
The General Ledger portion of LAAMS tracks the actual monthly payments
for each lease location. The monthly payment information is then
utilized in various accounting reports for accurate historical,
budgeting and accounting charge-back purposes.
The
Lease Analysis System is utilized
when comparing alternative financial proposals for a lease renewal
or relocation - inserting all the many variables involved in a proposed
lease space such as rate, term, estimated expenses and increases,
leasehold improvements, parking and other costs associated with
office space. The lease analysis system automatically calculates
total dollar commitment and discounted cash flows during the term
of the lease. This makes "what if" calculations a very
simple task while providing an "apples to apples" comparison
of alternative buildings. The final cash flow for a transaction is easily transferred
to the maintenance system. There it will be updated as needed and used to provide
financial reports for the entire portfolio.
The
Lease Maintenance System tracks all
vital information and dates covered by each lease document in the portfolio. It not
only allows a corporation to track vital information such as expirations,
notice dates, landlord information, etc. but also provides tracking
of lease expenditures based upon rental rate, square footage, estimated
expenses and increases, CPI variations and any other variable typically
encountered in a lease transaction. All financial information is
generated for the entire term of the lease and is produced on a
fiscal year basis. Leases can be grouped (ie company, client...)
and then catagorized (ie regions, divisions, international...).
Reports can be then be run by any combination of the groups and catagories.