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]

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How Useful is Lease Administration

One of the key benefits of lease administration is its ability to streamline the leasing process for both landlords and tenants. By clearly outlining the terms and conditions of a lease agreement, lease administrators help to minimize misunderstandings and disputes that can arise later on. This not only saves time and resources but also promotes a positive and productive landlord-tenant relationship.

Furthermore, lease administration provides a structured system for tracking and managing lease-related information. From monitoring lease expirations and renewals to tracking rent payments and security deposits, lease administrators keep a close eye on all aspects of leasing activity. This level of organization enables property owners to stay on top of crucial deadlines and obligations, preventing costly oversights and potential legal issues.

In addition to the administrative benefits, lease administration also plays a significant role in financial management. By accurately tracking rental income, operating expenses, and lease terms, lease administrators help property owners to maintain healthy and sustainable financial practices. This level of oversight can have a direct impact on the overall profitability and long-term viability of a property portfolio.

Another often overlooked benefit of lease administration is its role in risk management. By ensuring that all lease agreements are thorough and compliant with relevant laws and regulations, lease administrators help to minimize the potential for legal disputes and liability issues. This proactive approach can save property owners significant time, energy, and resources that would otherwise be spent on costly litigation or fines.

Lastly, lease administration fosters transparency and accountability in all leasing transactions. By maintaining accurate and up-to-date lease records, administrators provide a clear paper trail that can be referenced in the event of disputes or discrepancies. This level of documentation not only protects the interests of both landlords and tenants but also promotes trust and professionalism within the leasing process.

In conclusion, lease administration is a valuable tool that serves as the foundation of successful property management. Its ability to streamline leasing processes, track critical information, manage finances, mitigate risks, and foster transparency cannot be overstated. Property owners and businesses alike stand to benefit greatly from the expertise and diligence of lease administrators in navigating the complex world of property leasing. By recognizing the significance of lease administration and investing in its importance, stakeholders can ensure a smooth and prosperous future for their properties and businesses.

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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