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SpaceTM Property Management software, because space is money

SpaceTM Corporate Real Estate Suite

Managing a mixed real estate portfolio (as owner and/or tenant) may be a complex enterprise. But thanks to Space Corporate Suite, it is now easy to keep track of your leases, subleases and internal leases. Space Corporate Suite puts the managers in full control of their leased premises and lets them manage costs and revenue with ease and accuracy.


Product Summary
Space Corporate Real Estate Suite is designed for the management of mixed real estate portfolios. The application is intended for corporations such as banks, insurance companies, companies in the food sector, transportation companies, media corporations, governments, cities, etc.

Features

· One-click access to leases, pictures or any other documents and remarks related to the properties, leases and subleases

· Manages lease/sublease deadlines (notices, renewals, options or expiry)

· Evaluates projected costs and revenues and automatically manages accounts receivable and accounts payable

· Using advanced rebilling functions, deals with bills to pay (such as municipal taxes) and charges them back, in whole or in part, to tenants (franchisees, affiliates, subsidiaries)

· Creates estimated and actual recovery invoicing as per the ratio calculated for each lease

· Manages the allocation of expenses and year end adjustments

· Automatically invoices/validates percentage rent by keeping track of various sales levels, break-even point, deductions and calculation methods

· Automatically manages rent raises (escalator clauses)

· Produces various reports: revenue/cost per property or unit, revenue/cost projection, sublease variance and many more

· Insures full security as to access to miscellaneous data-entry windows, programs, companies and properties

· Manages every aspect of the leases/subleases:

· Area history

· Common charges

· Lease clauses follow-up

· Standard clauses

· Maintenance clauses

· Security deposits

· CPI increase

· Percentage rent

· Insurance follow-up

· And more…

 

See also the following Space Suites and modules for the management of mixed real estate activities and portfolios
Residential Suite Manage your multi-apartment buildings with Space full range of functionalities. Easily manage the leases’ financial aspects as well as the services and relationship to your tenants.
Developer Suite Accurately monitor your construction projects. Control the project commitments and easily manage contracts, subcontracts and change orders. Automatically link the jobs to the Accounts Payable module.
Service Request Easily manage your service calls and follow-ups. Automatically invoice the chargeable services via the Accounts Receivable module.
Purchase Order Print or email purchase orders to suppliers. Easily control your budget with SPACE advanced committed cost functions. Automatically links the P.Os to the Reception and Accounts Payable modules.
Automatic email alarms Automatically send email alarms for critical dates such as lease expiry, renewal options or any other important date.
Budget Hypotheses Automatically build your budgets by importing existing data such as rent charges, common charges and percentage rent formulas. Apply CPI increase or a predefined percentage to the charges and build up to 13 budget scenarios per year.
Accounting System Enjoy the powerful features of a comprehensive accounting software that works in real time with the lease management functions. Track your current, revised and projected budgets at a glance. Analyze your financial data from every angle and create custom financial statements with the powerful SPACE report generator. Easily drill down through your accounts payable and receivable.