Lease Administration and Lease Abstracting Services in India -Complete Legal Outsourcing
Lease Administration and Lease Abstraction Services help the Real Estate companies by making the data contained in leases accessible in a page or two and thus acts as an important tool for making commercial decisions. Our team of experienced Lease Abstracting experts ensure that all abstracts are consistent and accurate. The team uses an in-house developed Software called OnPoint that provides a complete outline of the relevant portions of a lease together with referenced section headings to help our client with lease abstracting.
Lease Administration and Lease Abstraction Outsourcing Services in India
Outsourcing lease administration and lease abstracting services helps save valuable man-hours that can be used elsewhere to make a business more profitable while the Lease Abstraction Services is taken care of by an offshore vendor, far much trained than an in-house resource and that too at much less cost compared to in-house productivity.
The Abstraction of appropriate data from a lease is crucial to any real estate company to ensure that it does not miss out on any important deadlines, financial obligations, payment follow-ups, renewals or terminations. This is where Legal Outsourcing Company steps in and provides the much-needed data at your fingertips.
Complete Legal Outsourcing lease abstraction services expert assists real estate attorneys, property owners, insurance agents, consultancy firms by meeting their lease abstracting service requirements and providing them with all crucial information at their fingertips that saves time thus eliminating the need to flip through the complete lease.
A Legal Process Outsourcing firm that are experts in providing clear and concise summary of important lease information. Get smart – make a smart move and outsource all your projects relating to lease abstraction services to the lease abstracting team at Complete Legal Outsourcing.
The Lease Administration and Lease Abstracting Services at Complete Legal Outsourcing thoroughly review and abstracts all documents pertaining to a lease. The team provides its clients with a clear and concise summary of important legal, financial and business information from a lease document including Exhibits and Amendments. This helps in understanding how the compound specifics of a commercial real estate lease influences the financial and legal aspects of the building.
We assure hundred percent confidentiality and ensure that NDAs are signed with each of our clients
Complete Legal Outsourcing is a Legal Outsourcing Company with an uncomplicated approach to outsourcing of commercial lease administration and Lease Abstracting Services has tailor-made lease abstract solutions to match client requirements. Owing to years of expertise in the lease administration and abstraction industry, majority of clients use customized templates provided by abstraction services lawyer at Complete Legal Outsourcing. The templates focus on basic lease information along with financial data so as to match the needs of clients who need us to focus on financial data and the comprehensive template provides the clients with a detailed overview of the contents of a lease document.
Complete Legal Outsourcing has an in-house developed Software named OnPoint to assist clients with their lease administration and abstraction needs cuts down legal costs. Contract and lease administration and abstraction is smart outsourcing as one makes full use of well-trained resources to get the abstraction projects done within a stipulated time frame and that too for a considerably less price.
Timely Delivery of Lease Administration and Abstraction Services
In the fast-going business economy, timelines have been cut short. The turn around time has considerably decreased and clients are looking for quality abstracts to be delivered at short notices. Act wisely – Outsource your lease abstraction requirements and enjoy the benefits of outsourcing by saving on time and cost.
Complete Legal Outsourcing is well known for delivering quality Lease Abstraction Services within a stipulated time frame. Legal process outsourcing with us ensures delivery of quality output at unmatched speed. All lease abstraction projects are given equal importance whether it pertains to just a few leases or hundreds of leases to be abstracted. We are committed to delivering all projects as per schedule.
Lease abstraction services at Complete Legal Outsourcing India provide property owners with a complete understanding of lease agreements for efficient management of their portfolios. The lease abstracts contain all-important lease information so that property owners have all the info they need at their fingertips so as to ensure that all critical deadlines are met, and all dues are collected.
The procedure of recapitulating the crucial information from a lease or a contract is known as lease abstraction.
An abstract contains important information like, but not limited to:
(a) Name and address of parties
(b) Lease term
(c) Renewal dates
(d) Rent Escalation
(e) Landlord and Tenant Rights
(f) Common Area Expenses
(h) Subletting Info
Lease abstraction assists landlords, tenants, attorneys, and investors, along with equity partners to swiftly retrieve the crucial information from a commercial lease document. Abstraction saves the burden of reviewing the entire lease document that may contain legal language thus making it difficult for a common man to understand the complexities. A lease abstract provides a brief, easy-to-understand summary of all important details from a lease document.
The major steps involved in a lease or document abstraction are:
(a) Request the lease documents from the client
(b) Review the lease documents
(c) Customize the available templates as per the information contained in the lease document
(d) Send the customized template to the client for approval
(e) Once approved, start abstracting
(f) Perform quality checks on the abstracted information
(g) Send it back to the client