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LEASE ABSTRACTION

Lease Abstraction Is A Perfect Outsourcing Option

Real estate leases are complex, especially if you’re working with commercial real estate. Understanding all the terms and clauses within a lease agreement requires certain specialization. Most people lack this skill, and that’s why lease abstraction is vital. Lease abstracts let you understand the terms of your lease. The more tenants you have under your portfolio, the more critical lease abstraction becomes. 

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Why You Should Outsource Lease Abstraction?

Lease abstraction has been becoming more popular lately, and it's not a simple task. It requires deep dives into the agreements to summarize them, which itself is a complex process as it requires a lot of care and attention to detail. Naturally, it also needs a complete understanding of the legal terms and clauses within the written agreement. It's not a simple task, and professionals can be costly to keep in your company – which is why outsourcing is an excellent option. 

Better Turnaround

Even if keeping an in-house team is a possibility, it might still take a while before they can provide the results you need in time. That’s because lease abstraction demands experience and specialization, which takes a while to develop unless your resources are already experienced. 

  

On the other hand, outsourcing means instant access to professionals. Our dedicated expert resources are familiarized with the service, so they can manage high workloads and deliver in short deadlines without sacrificing accuracy.   

Resource Optimization

Outsourcing lets you free time and resources that could be better invested elsewhere. Keeping an in-house team is costly, and we help you cover more ground with a smaller investment to help your business grow. That’s also thanks to letting you access advanced software. You only need to request the service and tell us what you need. 

Compliance

An often overlooked advantage of outsourcing with experts is that you can receive FASB (Financial Accounting Standards Board) reports as required. We review and validate all reports to ensure results. Our service helps you find the support you need to adhere to business requirements regarding your financial reporting. 

Cost-Effectiveness

The main reason why an in-house team is expensive is the amount of skill and dedication lease abstraction demands. The tools and training necessary can be a big setback for many companies. Outsourcing lets you obtain the abstracts you need on-demand without the constant expenses required to keep an in-house team. It’s also time-efficient since you get to skip training, hiring, and onboarding.     

Efficient Management 

Managing a property portfolio is tasking, even without factoring the leasing conditions for every building. Outsourcing frees you from one of the most complex aspects of portfolio management. We extract and consolidate vital data to help you turn that information into profitable decisions. Our reports come with an intuitive format, so you don’t need to worry about spending time to analyze the information.

Why Us?

At KriyaGo, we have the resources you need for streamlining your lease abstraction. We empower your company with the latest software and practices for better efficiency, thus offering a competitive edge that can't be overlooked. Our team contains highly proficient resources with years of experience working with different types of leases and properties. Combing them with state-of-the-art software grants the ideal investment to guarantee you get the results you're expecting. 

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Adaptive Service

Every strategy we design comes from assessing your company’s situation and what you wish to achieve. That means working with a method that’s built to work for you instead of a standard strategy designed for other companies. 

Industry Experts

We’ve worked with lease agreements in different property types and from multiple companies over the years. This knowledge enables us to provide quick results by letting us identify the most important information within your lease faster. 

Modern Software

We employ the latest systems to streamline and automate many of the micro-tasks involved in lease abstraction. It also guarantees the accuracy of our results, letting you leverage advanced software without having to invest in its implementation. 

Book a 1 hour free consultation with an KriyaGo Advisor 

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