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This is something of a category killer. I'm really glad I signed up for this service. It's great for the property rental market. The UX is a little basic and could use some help but it is functional. (Kevin Kell, UX Architect)
2017-03-19
It's pretty good, but I feel like it could be made better. I have to constantly click instead of just being able to tab to next area. Maybe I am overestimating coders and their abilities =P but thats my only issue.
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2019-07-01
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2020-05-17
Collate Formula Lease Feature
The Collate Formula Lease feature simplifies lease management for users. It helps you track and manage your leases effectively, providing clarity and organization in an often complex area. Embrace the strength of streamlined processes with this powerful tool.
Key Features
Centralized lease data management
Real-time updates and notifications
Integrated collaboration tools
Customizable reporting options
User-friendly interface
Potential Use Cases and Benefits
Landlords can easily monitor multiple properties
Companies can manage office and equipment leases effectively
Real estate agents can track client leases effortlessly
Finance teams can generate accurate financial reports
Property managers can handle tenant communications seamlessly
The Collate Formula Lease feature addresses common challenges associated with lease management. It reduces the clutter of paperwork and minimizes misunderstandings. By using this feature, you will gain more control over your leases, leading to enhanced satisfaction for both you and your clients.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What if I have more questions?
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How is a lease payment calculated?
Identify the number of the monthly payments on the lease. Then subtract the residual value from the net capitalized cost. Divide the resulting number by the number of payments. The result is the depreciation portion of the lease payment. For example, you lease a new car for three years.
How is a lease money factor calculated?
Depreciation.
Interest.
Tax.
How is lease money factor calculated?
Depreciation.
Interest.
Tax.
What is a good lease money factor?
The lower the money factor, the lower the lease payment, and the better the deal. Currently, new-car interest rates, according to Bankrate.com, are about 4.0% which translates to a lease money factor of .0017 (divide interest rate by 2400). A lease deal with a money factor of less than .0017 is a good deal.
Can you negotiate the money factor in a lease?
If that is not the case, negotiate on the purchase price the cap costs if you were going to buy the car for cash. Negotiate the interest rate (money factor) on the lease to a level appropriate to current market interest rates. ... Understand what the residual value of the vehicle has been set at in the lease contract.
How is lease residual value calculated?
The lower the percentage, the lower your monthly lease payments will be and the higher the residual value will be at the end of the lease. Multiply the MSRP by the residual value percentage rate. For instance, if the car's MSRP is $22,000 and the residual value is 50 percent, then 22,000 × 0.5 = 11,000.
What is rent charge on a lease?
Your Rent Charge (or Finance Fee) is the cost you pay to your leasing company for the use of the money that purchased the car. If you took out a loan, you would pay this in the form of a straight interest payment.
How is rent charge calculated on a lease?
If the dealer provides a “rent charge” or “lease charge,” add the residual value to the net capitalized cost. Then multiply that total by the number of months in the lease term. Divide the rent charge or lease charge by this number to compute the money factor.
What is a rent charge on a leased vehicle?
Definition. Your vehicle rent charge is what you pay for the right to spread out your payments. Rent charges are similar to the concept of interest charges on a car purchase. For instance, a $500 car payment may comprise $450 of principal and $50 of interest.
What is lease charge mean?
Lease Fee Law and Legal Definition. Lease fee is defined as an ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others; usually consists of the right to receive rent and the right to repossession at the termination of lease.
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