This will ensure a more accurate and cost-effective leasing abraction process. Another approach was the leasing abstraction by the broker who makes a transaction. Some organizations have been attracted by the potential fee decrease, and the broker`s knowledge of the intricacies of the lease, as well as in-depth market knowledge. The result, however, is an inconsistent approach, as the leasing transaction process is only completed when a transaction is negotiated. In addition, when organizations use multiple brokers, there is an inconsistent approach to methods and systems, which means that there is no standardized data across the portfolio. Because of this ad hoc approach and lack of information controls, costs and risks could be much higher than implementing a robust leasing procurement process. An important trend that has developed and is now developing is the automation of the process of abstraction. This new wave of technology is characterized by OCR scanning and web-based data editing and management of tools that enable highly effective cross-checking techniques, error and productivity tracking statistics, and automated workflows. Visual Lease claims to have helped a new York-based global unnamed investment management company automate leasing management. Visual Lease`s website states that the bank needed leasing management software that could help them manage financial and accounting reporting documents. Visual Lease says it helped the bank create a leasing and accounting data collection database involving more than 20 internal corporate entities of the bank.

If the amount of rent indicated on the rental agreement, which may not be for expenses or incentives in the rental contract. The most relevant KPI in the shopping centre sector is probably the so-called effort rate, alternately called the occupancy cost ratio (OCR). This measure is frequently reported in regular financial publications of several major REITS shopping centres (z.B. Klépierre, Simon, Unibail-Rodamco, Westfield). From a tenant`s perspective, OCRs record the actual costs of the lease between a retailer and a landlord. For example, OCRs exceed the rent-to-revenue ratios in quantity and quality of information, as they also recognize incidental costs such as service charges or retailers` participation in the costs of managing the centre. From a mathematical point of view, OCRs should be calculated in the following way: in large companies, which face several thousand contracts per day, human contract experts may not be a feasible evolutionary option. As a result, AI would find its way into applications for leasing and withdrawal of financing contracts. We have previously reviewed AI in legal and legal applications, which relate in part to termination and withdrawal of contracts.