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Comparative Lease Analysis Software
(Tenant Perspective)
 


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       Why Choose CFCRE’s Comparative Lease Analysis Software?

It’s so user-friendly; you will want to use it for even the smallest space requirement, yet it also allows you to analyze large, complicated transactions with ease.  Regardless of how computer challenged you are, this software is so simple to use, anyone can quickly and easily analyze lease proposals received from up to five different landlords or compare five different “what-if” scenarios for the same building.

The program’s own custom menu bars and buttons help you through the analysis process and this makes moving around, entering data and printing reports a snap.  Printed reports have just the right touch of professionalism combined with the sophisticated complexity required to make sound business decisions.

The required input takes just a few minutes.  You simply fill in the rent schedule (up to 10 separate rental periods with a maximum term of 11 years), suite square footage, lease start date and the building's current year operating costs per square foot (CAM).

That's it!  The program, using Excel as a base, does the difficult calculation work for you and provides an apples-to-apples bottom line comparison of the present value per usable square foot (i.e. effective rental rate).  The comprehensive results are also broken down into yearly and monthly values, and contrast actual dollar amounts against net present value (pre-tax and post-tax) equivalents.

Optional, easy to understand input covers virtually every other variable that could affect the tenant's cost of occupancy, including such things as:

  • Capitalized tenant costs
  • Expensed tenant costs
  • Cost of borrowed funds
  • Amortized tenant improvements
  • Security deposit (cash and/or letter of credit)
  • Parking expense
  • After-hours HVAC

Here's an example that typifies the program's built-in intelligence.  The payment of CAM expense during free rent periods is often an overlooked and under-negotiated point.  The program, of course, accomodates "free" rent periods at any point during the lease term but importantly, also prompts you to specify whether or not the tenant is to pay CAM expense if the base rent has been set at "$0.00" during any rental period.

   

Click On Any Image For Full Size View
'Main' Program Screen
   
Printed reports include a comparative side-by-side summary as well as 11-year Cash Flow Projections and Discounted Cash Flow Tables for each individual building or “what-if” scenario being evaluated. (View sample reports below)

DATA ENTRY SCREENS

The program's data entry screens (examples shown to the left) are clean and well organized.  “Help” buttons are scattered throughout to aid you in your input.  The program’s built-in intelligence limits input when it is obviously in error.

The "Main" entry screen is the first thing you see upon entering the program.  The area at the top of the form displays the information that will print in the header of each report.  The company information and logo are entered during installation of the program but can be updated at any time, as can the global assumptions being used in the analysis, such as annual cost escalators, discount rates and the tenant’s corporate tax rate.

Click on any of the images to the left for a full size view of the various forms.  This will better allow you to review the variety of data input options that are available. You can also view the following Adobe Acrobat (.pdf) files containing sample reports that were generated using this same data.
 
Sample Reports Size
Single Building Summary
(52KB)
Cash Flow Projection
(23KB)
Discounted Cash Flow Table
(19KB)
Qualitative Feature Ratings
(52KB)
Comparative Lease Analysis
(76KB)
- OR -
All Sample Reports (zip file)
(197KB)

Download Adobe Acrobat Reader (free)
Click to download Adobe Acrbat Reader (free).  
®

 
Building Data Input Form - Top Portion  
 
Building Data Input Form - Middle Portion  
 
Building Data Input Form - Bottom Portion
      
      
Qualitative Feature Ratings

A unique and powerful component of the program is its ability to compare how each building measures up with respect to its features. Rating the amenities, services and facilities of one prospective building over another begins by assigning a "weight" to 16 different building features deemed important by the tenant.  While individual catagories can be changed to reflect each tenant's particular concerns, the default list of features include such items as "Location", "Image", "Parking", etc.

The "Rating Worksheet" can then be printed and used by the tour leader to keep track of the tour group's consensus on how each building rates in each of the feature categories.  After these rating numbers have been entered into the program, an unsurpassed graphic presentation can be printed out comparing each building's lease cost per usable square foot with its Qualitative Feature Rating.


Click On Any Image For Full Size View
Quality Rating Input Form
   

Financial and Qualitative Comparisons

 

      
Get your FREE Evaluation copy today!

Further evaluate the CFCRE Comparative Lease Analyis program by clicking here to download the FREE evaluation version of the software to your computer.  During the installation process, choose to run the 30-day Evaluation Version of the program.  When your ready, and without further downloads, the registration code can always be entered that converts the program into a fully functioning registered copy of the software.

The initial License Cost for the program is $350.00 and its use is subject to the CFCRE Comparative Lease Analysis Copyright/Warranty/License Agreement.  When payment is received, you will be sent, via e-mail, a Registration Code that will allow your single user version of the software to function for a period of one (1) year following the date of registration.  Thereafter, annual license renewals are available for a nominal charge of $35.00 to insure that proper support remains available.  Click here if you wish to purchase the Registration Code.

Important Note:  The program requires that Microsoft Excel 2000 or above be installed on your computer (i.e. not Excel 97).  If you are still working with an older version of Excel, you will be amazed at the enhancements that Microsoft has built in to their latest version.  We have found that the XP upgrade version of Excel costs approximately $100 and is well worth the investment.

System Requirements
Operating System:
  Microsoft Windows 98 or higher
Software:
  Microsoft Excel 2000 or higher
Hard Drive Space:
  26 MB for complete installation
Memory:
  32 MB of RAM

 


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