Lease Management involves overseeing the leasing process of properties, ensuring that all agreements are adhered to and that both landlords and tenants fulfill their obligations. This includes managing lease agreements, tracking important dates, and handling renewals or terminations. Effective lease management helps maintain positive relationships between parties and ensures compliance with legal requirements. In addition to administrative tasks, Lease Management also encompasses financial aspects such as rent collection, budgeting, and expense tracking. By utilizing software tools and best practices, property managers can streamline operations, reduce risks, and enhance the overall efficiency of property leasing activities.