Method and system for repurposing lease analysis, accounting, administration, and market data comparisons

• US 10,430,870 B2
• Filed: 05/12/2017
• Issued: 10/01/2019
• Est. Priority Date: 02/27/2013
• Status: Active Grant

• Current Assignee: LeaseCalcs, Inc.
• Original Assignee: LeaseCalcs, Inc.
• Inventors: Maiona, Marc A.
• Primary Examiner(s): Obaid, Fateh M
• Application Number:
  US15/594,304
• Publication Number:
  US 20170249694A1
• Time in Patent Office: 872 Days
• Field of Search: None
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0645 Rental transactions; Leasing transactions
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Lease calculations may be used by commercial real estate brokers, corporate tenants, landlords, financial professionals, financial advisors, accountants and/or the like, to compare financial aspects of one or more leases and/or contracts, determine the impact of new accounting rules on current and/or future leases, comply with current and/or future lease accounting rules, generate financial reports, generate market data comparables, allow clients and users to track, manage and administer lease information and repurpose independent data points to perform one or more of these or other lease calculations or actions.

Claims

1. A system that comprises:

at least one processor configured to execute program instructions;

a memory configured to store the program instructions, the program instructions comprising;

a lease administration component configured to;

receive at least one of;

at least one lease analysis output element;

at least one lease accounting output element;

or

at least one real estate property lease comparables output element;

wherein the at least one lease analysis output element, the at least one lease accounting output element, or the at least one real estate property lease comparables output element includes lease analysis data, lease accounting data, or lease comparables data related to a first user and lease analysis data, lease accounting data, or lease comparables data related to a second user not affiliated with the first user;

receive one or more lease administration input data elements, wherein the one or more lease administration input data elements includes first data elements related to the first user and second data elements related to the second user;

repurpose the at least one lease analysis output element, the at least one lease accounting output element, and/or the at least one real estate property lease comparables output element using at least one of the one or more lease administration input data elements to generate at least one additional lease administration input element;

generate at least one lease administration output element automatically, based on the one or more lease administration input elements and the at least one additional lease administration input element; and

provide a lease administration report that includes the at least one lease administration output element to the first user via a user interface and to a database from which the second user is enabled to obtain the lease administration report.

2. The system of claim 1, wherein the at least one lease administration output element includes one or more of:

a lease expiration date, a lease commencement date, a lease option exercise date, renewal options, a lease abstract, a square footage value associated with a lease, historical, current and/or future rent, remaining minimum rent obligations of a lease, termination options, expansion options, insurance requirements, sublease rights, assignment rights, holdover, termination penalties, gain on termination, notice provisions, estoppel requirements, audit rights, purchase options, restoration requirements, refurbishment allowances, standard services, above-standard service charges, or default provisions.

3. The system of claim 1, wherein at least one of the one or more lease administration input data elements is provided by the first user via the user interface;

and

wherein the at least one of the one or more lease administration input data elements includes at least one of;

a lease administration policy of the first user,

a lease administration procedure of the first user,

a lease administration preference of the first user, or

first user-specified lease administration data.

4. The system of claim 1, further comprising:

the database, the database configured to;

store data related to a plurality of users in a plurality of respective sub-databases; and

share data related to one user of the plurality of users with other users of the plurality of users;

wherein one or more of the at least one lease analysis output element, the one or more lease accounting input data elements, or the at least one real estate property lease comparables output element are received from the database.

5. The system of claim 1, wherein one or more of the at least one lease analysis output element, the at least one lease accounting output element, the at least one real estate property lease comparables output element, or the one or more lease administration input data elements are related to a set of leases associated with the first user.

6. A computer-implemented method for a lease administration system, the computer-implemented method comprising:

receiving at least one of;

at least one lease analysis output element;

at least one lease accounting output element;

or

at least one real estate property lease comparables output element;

wherein the at least one lease analysis output element, the at least one lease accounting output element, or the at least one real estate property lease comparables output element includes lease analysis data, lease accounting data, or lease comparables data related to a first user and lease analysis data, lease accounting data, or lease comparables data related to a second user not affiliated with the first user;

receiving one or more lease administration input data elements, the one or more lease administration input data elements includes first data elements related to the first user and second data elements related to the second user;

repurposing the at least one lease analysis output element, the at least one lease accounting output element, and/or the at least one real estate property lease comparables output element using at least one of the one or more lease administration input data elements to generate at least one additional lease administration input element;

generating at least one lease administration output element automatically, based on the one or more lease administration input elements and the at least one additional lease administration input element; and

providing a lease administration report that includes the at least one lease administration output element to the first user via a user interface and to a database from which the second user is enabled to obtain the lease administration report.

7. The computer-implemented method for the lease administration system of claim 6, wherein the at least one lease administration output element includes one or more of:

a lease expiration date, a lease commencement date, a lease option exercise date, renewal options, a lease abstract, a square footage value associated with a lease, historical, current and/or future rent, remaining minimum rent obligations of a lease, termination options, expansion options, insurance requirements, sublease rights, assignment rights, holdover, termination penalties, gain on termination, notice provisions, estoppel requirements, audit rights, purchase options, restoration requirements, refurbishment allowances, standard services, above-standard service charges, or default provisions.

8. The computer-implemented method for the lease administration system of claim 6, wherein at least one of the one or more lease administration input data elements is provided by the first user via a user interface;

and

wherein the at least one of the one or more lease administration input data elements includes at least one of;

a lease administration policy of the first user,

a lease administration procedure of the first user,

a lease administration preference of the first user, or

first user-specified lease administration data.

9. The computer-implemented method for the lease administration system of claim 6, further comprising:

storing in the database data related to a plurality of users in a plurality of respective sub-databases; and

sharing, from the database, data related to one user of the plurality of users with other users of the plurality of users;

wherein one or more of the at least one lease analysis output element, the one or more lease accounting input data elements, or the at least one real estate property lease comparables output element are received from the database.

10. The computer-implemented method for the lease administration system of claim 6, wherein one or more of the at least one lease analysis output element, the at least one lease accounting output element, the at least one real estate property lease comparables output element, or the one or more lease administration input data elements are related to a set of leases associated with the first user.

11. A non-transitory computer readable storage medium having program instructions stored thereon that, when executed by one or more processors, perform a method in a lease administration system, the method comprising:

receiving at least one of;

at least one lease analysis output element;

at least one lease accounting output element;

or

at least one real estate property lease comparables output element;

wherein the at least one lease analysis output element, the at least one lease accounting output element, or the at least one real estate property lease comparables output element includes lease analysis data, lease accounting data, or lease comparables data related to a first user and lease analysis data, lease accounting data, or lease comparables data related to a second user not affiliated with the first user;

receiving one or more lease administration input data elements, the one or more lease administration input data elements includes first data elements related to the first user and second data elements related to the second user;

repurposing the at least one lease analysis output element, the at least one lease accounting output element, and/or the at least one real estate property lease comparables output element using at least one of the one or more lease administration input data elements to generate at least one additional lease administration input element;

generating at least one lease administration output element automatically, based on the one or more lease administration input elements and the at least one additional lease administration input element; and

providing a lease administration report that includes the at least one lease administration output element to the first user via a user interface and to a database from which the second user is enabled to obtain the lease administration report.

12. The non-transitory computer readable storage medium of claim 11, wherein the at least one lease administration output element includes one or more of:

a lease expiration date, a lease commencement date, a lease option exercise date, renewal options, a lease abstract, a square footage value associated with a lease, historical, current and/or future rent, remaining minimum rent obligations of a lease, termination options, expansion options, insurance requirements, sublease rights, assignment rights, holdover, termination penalties, gain on termination, notice provisions, estoppel requirements, audit rights, purchase options, restoration requirements, refurbishment allowances, standard services, above-standard service charges, or default provisions.

13. The non-transitory computer readable storage medium of claim 11, wherein at least one of the one or more lease administration input data elements is provided by the first user via the user interface;

and

wherein the at least one of the one or more lease administration input data elements includes at least one of;

a lease administration policy of the first user,

a lease administration procedure of the first user,

a lease administration preference of the first user, or

first user-specified lease administration data.

14. The non-transitory computer readable storage medium of claim 11, the method further comprising:

storing in the database data related to a plurality of users in a plurality of respective sub-databases; and

sharing, from the database, data related to one user of the plurality of users with other users of the plurality of users;

wherein one or more of the at least one lease analysis output element, the one or more lease accounting input data elements, or the at least one real estate property lease comparables output element are received from the database.