Have you wanted a lease abstraction support to capture the data points from a lease agreement? If so, you aren't alone. Many real estate businesses struggle to understand the nuances of commercial and non-commercial lease abstraction and administration of leases, especially when navigating the complex CAM charges, renewals, rental abatement, and so on. This is why you should outsource lease abstraction support services to Flatworld Solutions to have a peace of mind. FWS's team uses tools like ProLease, Yardi, Lucernex, Colliers 360, and so on to provide the full suite of lease abstraction services.
With 18 years of rich experience in the lease abstraction process, there is nothing we aren't familiar with to bring you the complete benefit of outsourcing the lease abstraction process. Once we have the source document, we will capture all data points of the short and long-term lease into a template-driven format, and prepare comments before exporting the file in a format of your choice.
Choosing Flatworld as your lease abstraction support service provider helps you get end-to-end lease abstraction support services at reasonable prices without stretching the TAT or the estimates. Flatworld Solutions offers a variety of lease abstraction support services that include -
We capture data about lease clauses, critical dates, renewal deadline, lease rights, termination policy, and other tie bound processes covered by a lease agreement between lessor and lessee. Our data capture solution streamlines decision making for landlords, tenants, and even property management companies. In a nutshell, it makes the lease terms transparent and understandable, including the liabilities by not adhering to the leasing terms.
Having a clear rental schedule for monthly and annual terms helps the parties involved navigate lease terms and renewal options.
Being a top lease abstraction service company, we capture data that includes complete abstraction of pro-rata shares, CAM charges, applicable tax, and more. Sometimes, we go step ahead to capture inclusions, frequency, and grace period for payment.
The lease record may have extra information on late fees, miscellaneous fees, guarantees, waivers, and processing charges all of which may not be mentioned upfront. We capture these data and present them in an organized document.
As part of the lease agreement, lessor and lessee may be obligated to insurance requirements, terms on notice dates, subletting conditions, user restrictions, and so on. All of these will be captured and brought forth in reports through lease abstraction.
Our commitment to quality and promised turnaround times are simply unrivaled because we follow a tried and tested approach. Our process includes -
We will obtain the lease document from the client that is digitized or otherwise paper-based
The lease data will be scanned using data capture software and all scanned files will be sorted as per the standard abstract template
The relevant abstract data will be identified and separated from the rest. It will be cleansed to ensure the data is accurate and free from errors
We perform a detailed quality control process on the data abstract to ensure the lease data accelerates decision-making
Our lease abstraction support serves tenants, real estate companies, and leasing owners. We bring all parties involved in leasing agreement closer through transparency and offer a way to avoid legal trouble. Our friendly rates combined with stellar quality makes us the best lease abstraction support service providing company. Here are the Benefits of outsourcing lease abstraction process -
We have a skilled talent pool that includes lease abstraction support professionals who can create and transliterate lease abstraction to accelerate decision-making.
We are an ISO 9001:2015 certified lease abstraction support service provider. Our services are 100% authentic and proven to benefit lessee, lessor, and real estate companies.
We have a secure and well-equipped infrastructure from where we operate at scale to meet the client's SLA.
Ensuring accuracy in lease abstraction is paramount to us. We do not cut corners in lease abstraction support services. Therefore, all our clients have expressed immense satisfaction with the service.
We have contact centers that ensure the high availability of our services to handle queries and client concerns. Reach us by your preferred channel and get instant help.
Scaling is efficient in the case of lease abstraction support services as we have a large bandwidth to scale up the project on demand.
Your data in our network are covered by NDA as part of the SLA. We neither share nor allow unauthorized access to your data.
Our lease abstraction support services are budget-friendly and priced as per your custom needs. To get the best value start by customizing your order.
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Flatworld Solutions delivered what they promised; delays in loan processing & lengthy closing time are now a thing of past. Our loan officers and borrowers are happy.President of a leading mortgage lending company in the US More Testimonials »
Flatworld Solutions is a top lease abstraction support services providing company collaborating with expert title support providers and in-house experts. We have achieved the title as a top ISO certified company with 18 years of professional experience serving clients across the globe. Our time-tested service levels and powerful workflow make us a preferred partner in REO support. Plus, the other benefit includes competitive pricing as there are very few providers who match our rates and quality at the same time.
If you are looking for a reliable outsourcing company to handle and manage your lease abstraction support services, contact us right away.