Lease Administration Statistics


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Lease Administration Statistics 2023: Facts about Lease Administration outlines the context of what’s happening in the tech world.

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Top Lease Administration Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 18 Lease Administration Statistics on this page 🙂

Lease Administration “Latest” Statistics

  • Early in February 1941, a Gallup survey found that 54% of Americans supported providing help to the British without having to meet Lend-Lease requirements.[1]
  • The postwar Anglo-American loan, which increased Britain’s debt to the U.S via Lend-Lease goods kept, was sold to Britain in 1946 for 10% of nominal value, resulting in an initial loan value for the Lend-Lease component of the post-war loans of £1.075 billion.[1]
  • 92.7% of the wartime production of railroad equipment by the USSR was supplied by Lend-Lease, including 1,911 locomotives and 11,225 railcars which augmented the existing stocks of at least 20,000 locomotives and half a million railcars.[2]
  • Only 38% of republicans supported Lend-Lease without any qualifications, compared to 69% of democrats who did.[1]
  • Least Harbor’s solution offers fully complete 10% web based data management and lease administration capabilities with the ability to handle any kind of asset.[3]
  • Visual Lease’ 98% retention record demonstrates that solutions are supported by the most seasoned staff of lease management and accounting specialists in the sector.[4]
  • The lease management market is predicted to grow to $6,252.3 million by 2027, up from $3,721.6 million in 2019.[5]
  • The worldwide lease management market is anticipated to rise from $4.22 billion in 2020 to $6.88 billion by 2028, rising at a CAGR of 6.3% during the forecast period of 2021-2028, according to a research by Fior Markets.[6]
  • In the year 2020, the cloud deployment sector dominated the market and had the highest market share (54.33%).[6]
  • In the year 2020, the big organization size sector dominated the market and had the highest market share (57.23%).[6]
  • In the year 2020, the software category dominated the market and had the highest market share (56.28%).[6]
  • Over 60% of total revenue came from the cloud sector in 2020, and it is anticipated to grow at the greatest CAGR throughout the projection period.[7]
  • From 2021 to 2028, the market for lease management is projected to increase at a compound annual growth rate of 5.9%, reaching $6.35 billion.[7]
  • The size of the worldwide lease management industry was predicted to be $4.01 billion in 2020 and $2.95 billion in 2021.[7]
  • During the projection period, the industrial sector is anticipated to have the highest CAGR of 8.3%.[7]
  • Over the projected period, the services category is anticipated to develop at the greatest pace, 10.5%.[7]
  • During the projection period, small and medium sized businesses are anticipated to see the greatest CAGR of 9.1%.[7]
  • Over 81.0% of all revenue in 2020 came from the software category, which is anticipated to keep leading throughout the projection period.[7]

Also Read

How Useful is Lease Administration

At its core, lease administration involves managing the terms and conditions of leases between property owners and tenants. This includes tasks such as ensuring compliance with lease terms, monitoring lease expiration dates, collecting rent payments, negotiating lease renewals or extensions, and handling any disputes that may arise.

One of the key benefits of lease administration is that it helps maintain clarity and consistency in lease agreements. By keeping accurate records of lease terms and conditions, both parties can refer back to the agreement at any time to resolve any disputes or misunderstandings. This can help prevent potential conflicts and legal issues down the line, saving both time and money in the long run.

Another crucial aspect of lease administration is ensuring compliance with legal requirements and regulations. Property owners and managers must stay up to date on any changes in landlord-tenant laws to ensure that their leases are in compliance with current regulations. Failure to comply with these laws can result in costly fines, penalties, or even legal actions against the property owner.

Additionally, lease administration helps landlords and property managers maintain clear communication with tenants. By setting clear expectations and maintaining open lines of communication, both parties can work together to address any issues that may arise during the lease term. This can help build trust and foster positive relationships between landlords and tenants, leading to a more positive overall renting experience.

Lease administration also plays a crucial role in financial management for property owners. By keeping accurate records of rent payments, lease terms, and expenses, property managers can track income and expenses more efficiently. This can help streamline financial operations, improve budgeting and forecasting, and maximize profitability for property owners.

Overall, lease administration is an indispensable tool for property owners and managers seeking to maintain efficient and successful operations. By ensuring compliance with lease agreements, legal requirements, and maintaining clear communication with tenants, lease administration helps create a positive and professional renting experience for both parties involved. Without proper lease administration, properties can quickly fall into disarray, leading to disputes, legal challenges, and financial instability.

In conclusion, lease administration is a vital function in property management that should not be overlooked. Property owners and managers must prioritize lease administration to maintain clear communication, comply with legal requirements, and ensure efficient operations. By investing in lease administration, property owners can protect their investments, foster positive relationships with tenants, and achieve long-term success in the rental market.

Reference

  1. wikipedia – https://en.wikipedia.org/wiki/Lend-Lease
  2. – #1
  3. leaseharbor – https://leaseharbor.com/our-system/lease-administration/
  4. visuallease – https://visuallease.com/
  5. analyticssteps – https://www.analyticssteps.com/blogs/what-lease-management-and-why-it-important
  6. globenewswire – https://www.globenewswire.com/news-release/2021/11/02/2325151/0/en/Global-Lease-Management-Market-is-Predicted-to-Reach-USD-6-88-billion-by-2028-Fior-Markets.html
  7. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/lease-management-market-report

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