HM Blog

Beyond Excel

John Jarvis on July 18, 2024

As a business owner, you sign and file away hundreds of contracts with thousands of details as you try to stay focused on growing your business. If you have a real estate lease for the business, it likely sits in a hard copy folder in your credenza, and you pull it out when needed to remind yourself of key provisions. If you have three real estate leases, you likely have some of those key provisions listed in an Excel file for easier reference—things like the lease expiration date and the rent schedule. And if you have ten or twelve or fifteen real estate leases? At some point, you will have outgrown Excel, and the risk of a costly mistake or oversight warrants a better system, like an outside lease administration provider. Let’s dig into what that means.