Being in possession of referenced “at a glance” key occupancy agreement data is of paramount importance in the dynamic world in which we work and Occupancy Agreements are notoriously difficult to read and can sometimes be even more difficult to interpret as a result of legal language used in the drafting of such documentation.
It is crucial therefore to ensure that you are in possession of accurate, summarised key information to assist in strategic estates planning. As rationalisation is being considered in order to save money, it is important to have a clear understanding of your liabilities including the likes of Reinstatement / Dilapidations or any penalties or conditions associated to breaks.
Our key data extraction service will empower you to make important decisions based upon easily accessible and readily available information. We will consider each of your occupancy agreements and will extract and record key information such as:
- Landlord & Tenant Detail;
- Commencement & Expiry Dates;
- Alienation (Subletting & Assignment) Provisions;
- Rent Review Dates & Mechanism;
- Current Rent;
- Current Service Charge;
- Break Dates (including any Notice Periods, Penalties & Conditions);
- Maintenance Obligations;
- Insurance Obligations; and
- Alterations Provisions.
If you are a User of the Micad IPR, we will input the extracted data directly into the appropriate sections of the Lease and Licence Module, with links to electronic copy documents to ensure that you have relevant data within the database upon which to report. We will also configure your email and diary engine to allow automatic email warnings of forthcoming key action or obligation dates to designated individuals with agreed “buffer” periods.
Should you not be a User of the Micad IPR, we will extract the data detailed above and input into tabulated excel spreadsheets to allow you quick access to the same key information.
This service, when used in conjunction with our Occupancy Agreement Management Service ensures that you do not miss important and potentially expensive dates or obligations. Visit our Occupancy Agreement Management page to find out more about this service.
Contact us here for further information regarding this or any of our other services.
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