Lease Management Software

Get the best lease management software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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Soft4Leasing Screenshot
Soft4Leasing
Soft4Leasing is a lease management system that handles everything from initial quote to contracting and reporting. The solution features leased asset management, applicant management, lease origination, credit scoring automation, document management…
Client OS
Web, Windows
Deployment
Cloud or On-Premises
Visual Lease Screenshot
Visual Lease
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(1)
Visual Lease is an enterprise lease accounting software and lease administration software in one that is designed for managing real estate and equipment leases. This solution integrates with ERP systems to give you complete control over your business…
Client OS
Web
Deployment
Cloud Hosted
iLeasePro Screenshot
iLeasePro, a highly scalable, cloud-based solution for enterprise level or mid-sized firms, offers comprehensive Lease Management and Lease Analysis features developed to reduce costs, mitigate risks and increase business intelligence of your lease…
Price Range
   $     $     $     $     $   
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Starting Price
$50/month
Client OS
Web
Deployment
Cloud Hosted
Lucernex Screenshot
Lucernex
Lucernex is a lease administration and accounting solution developed by Accruent. This software assists with managing real estate and equipment leases, maintaining FASB and IASB compliance, and mitigating risk. Lucernex gives businesses a single source…
Client OS
Web
Deployment
Cloud Hosted
LeaseQuery Screenshot
LeaseQuery
★★★★★
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(9)
LeaseQuery is a FASB ASC 842, IFRS 16, and GASB 87 lease accounting software solution. Essential features include error-free amortization schedules and journal entries, critical date alert setting, and data entry validation. With LeaseQuery, public and…
Client OS
Web
Deployment
Cloud Hosted
LeaseAccelerator Screenshot
LeaseAccelerator is an enterprise lease accounting software solution that will ensure your business complies with the ASC 842, IFRS 16, and GASB 87 lease standards. LeaseAccelerator integrates with SAP, Oracle, and other ERP systems to synchronize your…
Client OS
Web
Deployment
Cloud Hosted
PropertyZar Screenshot
PropertyZar is a cloud-based property management software solution designed for residential and commercial real estate property managers. This system makes it easy to manage properties from tenant screening to work order management and online payment…
Price Range
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Starting Price
$35/month
Client OS
Web
Deployment
Cloud Hosted
Nakisa Lease Administration Screenshot
Nakisa Lease Administration
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(1)
Nakisa Lease Administration is a lease accounting and management solution that ensures your lease data is in one centralized location. This solution manages lease portfolios, streamlines accounting, and gives you better insights into financial data. This…
Client OS
Web
Deployment
Cloud Hosted
360 Property Manager Screenshot
In today’s economy, the challenges of Property Management can be overwhelming and exhausting. Under the pressure of tightening margins; every penny must be accounted for. You must keep costs low and occupancy high, making sure leases are on favorable…
Client OS
Web
Deployment
Cloud Hosted
MRI ProLease Screenshot
MRI ProLease
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★★★★★
(1)
ProLease Real Estate and Facilities Management software is comprised of four integrated modules that are extremely powerful yet, very easy to use. These best-in-class solutions work together seamlessly or may be implemented separately. Since 1991…
Price Range
   $     $     $     $     $   
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Starting Price
$6,000/year
Client OS
Web
Deployment
Cloud Hosted
AMTdirect Screenshot
AMTdirect
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(3)
AMTdirect is a web-based lease management and accounting solution particularly for companies with over 50 real estate portfolios. Centralize your properties, stores, contracts, maintenance items, tasks and daily projects in one place with AMTdirect…
Client OS
Web
Deployment
Cloud Hosted
CoStar Real Estate Manager Screenshot
CoStar Real Estate Manager
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(1)
CoStar Real Estate Manager is a suite of solutions that assists with both real estate management and lease management. Having access to accurate real estate and lease data will help you make better business decisions. This solution will ensure your…
Client OS
Web
Deployment
Cloud Hosted
AppFolio Property Manager Screenshot
AppFolio Property Manager
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★★★★★
(3)
AppFolio Property Manager provides mobile, all-in-one property management software for multifamily & single-family, commercial, student housing, homeowners & condo association, and mixed portfolio property managers to effectively market, manage and grow…
Price Range
   $     $     $     $     $   
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Starting Price
$0.80/month/unit
Client OS
Web
Deployment
Cloud Hosted
Buildium Screenshot
Buildium
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★★★★★
(1)
Buildium is the only property management software designed by property managers for property managers. Buildium’s all-in-one, cloud-based solution allows property managers to be more efficient and take control of every aspect of their business—from…
Price Range
   $     $     $     $     $   
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Starting Price
$47/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
SimplifyEm Screenshot
SimplifyEm
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(6)
SimplifyEm is a residential property management software solution designed for small and mid-sized property managers and landlords. The cloud-based solution offers property accounting, tenant management, lease tracking, bank reconciliation, and…
Price Range
   $     $     $     $     $   
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Starting Price
$25/month
Client OS
Web
Deployment
Cloud Hosted
RenTec Screenshot
RenTec
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(2)
RenTec from RenTec Direct, designed for professional property managers, includes all the tools necessary for a professional property management firm to manage and track unlimited properties, owners, and tenants. RenTec is easy to learn and requires no…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$40/month
Client OS
Web
Deployment
Cloud Hosted
MRI Commercial Suite Screenshot
MRI Commercial Suite
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(2)
MRI Commercial Suite is a standard in Commercial Property Management Software for corporate real estate departments and property managers. MRI Commercial Management improves internal efficiencies and provides precise information that delivers deep…
Price Range
   $     $     $     $     $   
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Client OS
Web, Windows
Deployment
Cloud Hosted
SKYLINE Property Management Software Screenshot
SKYLINE Property Management Software
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★★★★★
(2)
SKYLINE Property Management software sets the industry standard for excellence in commercial, retail, residential and industrial property management. SKYLINE allows you to capture a wealth of historic, present and future data for all properties. It…
Price Range
   $     $     $     $     $   
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Starting Price
$1,000 (perpetual license)
Client OS
Windows
Deployment
On-Premises
Core Property Management Screenshot
Core Property Management is fully integrated with Microsoft Dynamics. There are several subsets of the software designed to meet the needs of specific types of property management firms including: Integrate finalized lease details with sophisticated…
Price Range
   $     $     $     $     $   
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Client OS
Windows
Deployment
On-Premises
OnCite Screenshot
OnCite addresses both your strategic and tactical real estate needs. This system is the most comprehensive, flexible and collaborative property management software solution available today. Deep Forest’s solutions include Requirements Gathering…
Client OS
Windows
Deployment
Cloud Hosted

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Lease Management Software Buyer’s Guide

What Is Lease Management Software?

Lease management software (also known as lease administration software) allows property managers and rental businesses to track lease data, automate renewals, manage applications, store financial and legal documents while managing leased assets. The software is most often used for managing commercial or residential real estate property rentals, although it’s also popular for controlling equipment leases. Some solutions can be used for managing employment or service contracts.

Lease management typically goes hand in hand with lease accounting to streamline control over your entire lease lifecycle. Lease management software keeps track of lease details, automates renewals, and manages lease terminations and buyouts. Lease accounting software tracks income and expenses and creates reports in accordance with Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB) and International Accounting Standards Board (IASB) standards. User-friendly, integrated solutions with facilities management and lease accounting allows you to track lease terms and meet accounting standards from one place.

Key Features of Lease Management Software

Feature Description
Document Management Create lease abstraction templates, store signed lease agreements and clauses, and other important documents like service contract agreements, tax forms, maintenance requests, and renters insurance information.
Date Tracking Track lease start dates and expiration dates, as well as other critical dates like past due payment dates. Receive automatic notifications and alerts for upcoming expiration or overdue rent payments.
Application Management Manage application submissions, screen applicants, and create custom application forms.
Leased Asset Management Track the condition and preventative maintenance details for leased assets.
Property Management Manage income and expenses involved in managing both residential and commercial properties, such as rent collection and maintenance.
Marketing Improve occupancy rates by advertising online to find new tenants or customers faster than through traditional outreach methods.
Reporting Review information on current and past lease data to find opportunities for improvements in rent collection, occupancy, maintenance request fulfillment, or portfolio management.
Applicant management in Buildium
Applicant management in Buildium shows application name and contact information, application status, and review status.

Types of Lease Management Software

Lease management software is used by a variety of businesses as an all-in-one way to manage their lease data including:

Residential and Commercial Real Estate Lease Management Software

Real estate professionals use lease management software for single-family and multifamily properties, commercial properties, and other property rentals. The software will store lease information including contract agreements, expiration dates, tenant contact information, rental payment due dates. Automatic notifications can be sent out to tenants for upcoming renewals and reminders to pay overdue rental payments.

When it comes to residential properties, software can account for both single- and multi-family leases. Lease management can also assist commercial real estate owners when serving multiple renters. Systems can integrate with full property management software solutions which include modules for work orders, accounting, and more.

Equipment Lease Management Software

Lease management software stores lease information, as well as data about all types of leased assets including tools, vehicles, machinery, and more. Details like the current condition of your equipment and customer contact info can all be stored within your system. Advanced software even has GPS tracking to determine the real-time location of your equipment.

Depending on the exact scope of your business, you may want to consider including fleet management software and equipment rental software to build a more robust lease management system.

Employment and Service Contract Software

Finally, lease management software can help businesses manage lease data for employment and contracted services. The software will store 1099 forms and signed contractual agreements, as well as information about the contracted employee or service such as employee contact information, service rates, and description of services rendered.

Service calendar in Core Property Management
Use the asset management service calendar in Core Property Management.

Best Lease Management Software Benefits

Adding software to your lease tracking practices can provide many long-term benefits to your operations.

Effective Document Management with Lease Management Software

Manually managing leases can lead to a lot of problems. To start, physical lease documents are prone to being lost or damaged far more easily than their digital counterparts. Lease management software allows you to create new lease agreements, store important documents, and manage lease information. The streamlined solution makes it easy for real estate managers to create new templates and modify existing ones within your lease portfolio, saving you time on drawing up paperwork for new tenants in the future.

Important lease documents from renters, customers, and contracted employees can be uploaded and stored securely within the system. These documents include renters insurance, pet and vet records, signed agreements, asset condition documents, 1099 and other tax forms, and more.

Software also tracks expiration dates and rental payment due dates. When renewals or payments are due, the system will automatically send out email notifications to your customers to encourage timely responses.

Residential lease agreement in Rentec PM
Try editing a residential lease agreement with Rentec PM software.

Application Management with Lease Management Software

Some lease management solutions allow businesses to accept rental applications online with a customizable application form. The form can collect applicant information like contact info, social security numbers, and addresses of previous residences. Potential renters can also upload documents for proof of income, asset documents, recommendation letters, and even pet veterinary records. If required, the potential renter can then pay the application fee right from the form, greatly reducing overall paperwork for everyone involved.

Lease management software also assists with tenant screening. Pre-screening tools can provide basic background checks for criminal activity, evictions, and credit issues, as well as verify employer information. Some tools can also screen an applicant’s social media accounts for potential behavioral issues.

Additional Lease Software Options

Lease management solutions can be paired with other software to provide even more ways to manage your workflow:

Leased Asset Management

Lease management software keeps records of your leased assets including who is using the asset, the condition of the asset before and after use, and important preventative maintenance deadlines. Keeping track of an asset’s condition before and after being rented is important for determining if any damage occurred while in use.

The software can also notify you when preventative maintenance is due. Keeping your leased assets well-maintained allows you to continue renting them out, improving your ROI and keeping your clients happy with working equipment or vehicles.

Lease Accounting Software

Lease management software often integrates with lease accounting software or at least includes basic accounting functionality. The accounting solution providers allow equipment and property rental businesses to record their rental income and business expenses, invoice renters, and create financial reports.

Financial reporting is especially important for rental property owners in order to be compliant with domestic and international lease accounting standards. The most recognized standards are GASB 87, the IASB IFRS 16, and the FASB ASC 842, all of which determine what types of leases need to be recorded on the balance sheet.

Journal Entries in LeaseQuery
The Journal Entries in LeaseQuery provides lease information including the type of lease, regulatory compliance, debits and credits, and more.

Lease Management Pricing Guide

Lease management software pricing generally depends on how you want to deploy your system and how many users or leases you need. On-premise software often requires a one-time installation fee, along with some costs related to training or maintenance. SaaS plans range from monthly to annual subscription payments, ranging from $25 per month to $50 per month.