Here are a few examples of how our clients have used Leaselogistix® to
A retailer received a letter from the Landlord stating that base rent bumped in
per year commencing with the fifth lease year. The lease administrator logged
pulled up the Lease Abstract report for the store and reviewed the base rent
At the same time the retailer clicked on the document link for the clause and
entire pertinent section all from the browser window. The retailer quickly
the Landlord failed to recognize a Rider. The rent bump provision was
contingent on the
retailer’s sales exceeding $2,500,000 during the fourth full lease year, which
happen. Thanks to Leaselogistix, it took less than 5 minutes for this retailer
over paying $35,000 for the new lease year and …. $175,000 over the remainder
of the lease
term. Total research time involved by the retailer was less than 10 minutes.
solution and technology eliminated wasted time hunting for the requisite lease
the possibility that the lease administrator may overlook the existence of the
the clause, in the event that the Rider wasn’t in the real estate file,
research time and
interpretation. This is an example of the power of a totally integrated system
with your company’s real estate data with high-level data entry standards and
The Leaselogistix® E-lert, electronic email reminder, notified
that they had a one time the option to kick-out of a non-performing store.
Leaselogistix® solution, the retailer eliminated paying $350,000 in
expenses during the remaining lease years.