Oracle® Property Manager streamlines and automates lease administration and space management, enabling you to more intelligently manage your real estate portfolio. Whether you are a corporate, commercial, or retail/franchise operation, Oracle Property Manager offers a comprehensive solution for reducing costs and identifying new revenue opportunities, minimizing contractual and financial risk, and providing data transparency that helps maximize the value of your real estate.
KEY FEATURES
DEFINE AND MANAGE PROPERTIES AND SPACE
• Record and track data for each floor and space for a building
• Define and manage maximum and optimal levels of occupancy for a space
• Define and manage common, rentable, assignable, and usable areas for each space
• Track names, phone numbers, and addresses for property contacts
• Automate space definition with integrated CAD solution
STREAMLINE LEASE ADMINISTRATION
• Abstract and manage critical lease information, agreements, and other contractual obligations
• Automatic notification of lease milestones and other actionable events
• Calculate rent increases based on indexes
• Calculate variable rent (percentage rent) on actual or forecasted sales
• Apply abatements and allowances to variable rent
MANAGE CAM AND OTHER EXPENSE RECOVERABLES
• Maintain unique recovery terms and conditions for each tenant
• Automate the calculation and reconciliation of CAM and other expenses
AUTOMATE PAYMENTS AND BILLINGS
• Authorize and generate payments and billings directly into Oracle Payables and Oracle Receivables
• Automatically generate normalized lease accounting transactions in accordance with FAS 13 and IAS 17
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