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.

LLCBuddy editorial team did hours of research, collected all important statistics on Lease Administration, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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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

One of the primary benefits of lease administration is that it provides clarity and transparency in the landlord-tenant relationship. By clearly outlining the terms and conditions of a lease agreement, including obligations related to rent payments, maintenance, repairs, and permitted uses of the property, lease administration helps both parties understand their rights and responsibilities. This can prevent misunderstandings, disputes, and legal conflicts down the line.

Furthermore, lease administration helps ensure that landlords receive timely rental payments and that tenants adhere to the terms of their lease agreements. By tracking lease expiration dates, rent escalation clauses, security deposits, and renewal options, property managers can proactively address any issues that may arise during the course of a lease term. This can help minimize late payments, delinquencies, and evictions, thereby safeguarding the landlord’s cash flow and property value.

In addition to facilitating compliance with lease terms, lease administration also plays a crucial role in risk management. By maintaining accurate records of lease agreements, property inspections, insurance certificates, and correspondence with tenants, property managers can effectively mitigate legal, financial, and operational risks associated with property management. This can protect landlords from liability claims, property damage, and regulatory violations, while also fostering a safe and secure living environment for tenants.

Moreover, lease administration can enhance the overall efficiency and profitability of property management operations. By leveraging technology and automation tools, property managers can streamline lease tracking, rent collection, maintenance requests, and communication with tenants. This can save time and resources, improve customer service and tenant satisfaction, and optimize property performance in terms of occupancy rates, rental income, and property maintenance.

In conclusion, lease administration is a critical function in property management that should not be underestimated or overlooked. By establishing clear and enforceable lease agreements, monitoring compliance with lease terms, managing risks effectively, and improving operational efficiency, property managers can maximize the value of their real estate investments and sustain long-term relationships with their tenants. As such, property owners and managers should prioritize lease administration as a fundamental component of their property management strategy.

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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