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Essential Property & Retail Software Inc.
Property, Lease Administration, Facilities, Asset and Retail Intelligence Software since 1994
Lease Administration Module
Essentials Lease Administration helps retailers with acquisition, development, management, maintenance, disposal and leasing . It also provides management of Loans/ Mortgages, Insurance Policies, Business Licenses, Equipment Lease, Equipment Maintenance, Service Agreements, Contracts and Employment Contracts.
CAM, Rent & Other Payments.
Manage payments, when they must be made as well as who to make the payments to. It provides manual, semi-automated or fully automated transactions, depending upon the choice of the retailer. It provides transactions in an electronic format that can be used to update financial systems.
It also provides sophisticated CAM management tools.Creating a standard, searchable lease.
Create a standard lease, both in image and Word formats. Can also create standardized lease conditions that are searchable.
Tickler File. Who does what? When?
Manage all date-based events. The system can remind the appropriate person that a lease is terminating in 180 days, that notification must be given to the landlord /property manager within the next 90 days to continue the lease, that an inspection is due at the Arizona stores by the 15th of next month and so on.
Options, special conditions, CPI and Rent increases.
Manage all options to renew or terminate the lease, any special conditions such as "Go Dark" clauses, CPI increases and other conditional rent increases
Percentage Rent, Tenant Improvement Allowances.
Importing the relevant sales from the Accounting System, storing the calculation rules for each store and then calculating the actual additional rent payable. Set up the conditions/rules for collection of the Tenant Improvement Allowance. Add Ticklers on the date that the amount is due. Essentials FINANCIAL INTEGRATION software then generates the Accounts Receivable transactions that can, in turn, be uploaded to the Accounting Systems.
Also a landlord?
Allows you to manage the Landlord side of the equation. It tracks Rent, CAM, Taxes & Insurance and then generates Accounts Receivable transactions that can be uploaded to the Accounting System using Essentials FINANCIAL INTEGRATION software.
New Store selection
Helps select the right projects at the right locations that fit the retailers requirements. It provides a logical structure for collecting and evaluating information about prospective sites and a methodology for choosing between alternative locations. The documentation of the decision process allows for accurate, long-term project review.
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