Lease Administration & Advanced Rent Accounting

Lx Contracts our Lease Administration and Rent Accounting software is available stand-alone or as a module of Lx SLM or Lx IWMS. Lx Contracts serves as the system of record for all of your owned and leased real estate assets including leases, subleases, purchase agreements, franchise agreements, equipment leases and more.

Designed by the creator of SLIM lease administration software directly onto the core Lucernex platform, Lx Contracts is the perfect upgrade for any SLIM, REM, RetaiLease or Siteseer client looking for a more advanced, web-based lease administration and rent accounting solution. With fees based on store count, any company can afford Lx Contracts.

Key Features

• Easy Data Conversion – pre-built, proven data conversions for Legacy Lease software
• Percentage Rent – multiple calculation methods plus sales forecasting
• Straight Line Rent Accounting – supports the current and expected FASB 13 / GAAP lease requirements and provides a new vs. old straight line report .
• Critical Dates - built-in and definable alerts and reporting on all key dates.
• Workflow – fully integrated with the Lucernex Work Flow engine.
• Internal Chargebacks – provides mechanism to allocate rent expense across the organization
• Multi-currency – can handle financial data in different currencies
• Subleasing – supports unlimited number of subtenants (internal or external), assignments and third party leases
• Reporting – many delivered reports plus an easy to use ad-hoc report builder for the non-technical users.