The ‘Buy it now’ button for commercial leasing

Landlords, receive every proposal, across all properties, through one pipe

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How it works

Listings page featuring LeaseItNow plugin

  • Landlord embeds the LeaseItNow button on their listings.
  • Tenant-rep brokers click on the LeaseItNow button for the premises they want to draft a proposal for
  • The button launches the proposal-builder

How it works

PROPOSAL BUILDER

Step 1

Create Sender’s letterhead,
Identify Tenant

  • Broker inputs letterhead info, uploads company logo
  • Broker identifies tenant; property and premises auto filled from listing

Step 2

Proposal terms

  • Submitting broker is presented a form proposal originated in LL’s language.
  • Broker has full editorial control, can edit language, add or delete sections.

Step 3

Customize, Review &
Send

  • Submitting broker customizes recipient, greeting, message, closing, closing message & CC
  • Term sheet format is preserved; output in Word, pdf
  • All data in proposal is structured, facilitating on-demand analytics

Respond to proposals seamlessly in ITMx

  • Get notified and review incoming proposal in the Deal Hub (and via email)
  • Incoming proposal is shown in HTML view; PDF and Word output is optional
  • View side by side trails of the evolution of each deal
  • All data is structured; instant cashflows, comparisons, NER analysis upon receipt of proposals
  • Respond directly from side-by-side view
  • Intuitive toggle approach lets user identify only the terms they want to counter
  • Agents, in-house leasing team members can respond remotely, no need to be at their desk
  • Digital suitcase of previously stored section language affording quick access; avoiding sloppy cutting and pasting from older docs
  • After negotiation terms, user can customize things like recipient, CC, greeting and closing messages, etc.
  • HTML view of the response is displayed, user can save or send response directly to broker
  • The response can be found in the Deal Hub which is where all deals are stored in ITMx.

Impact

1

Simplicity, time savings

Much easier and faster for brokers to submit proposals through the ITM plugin than to re-engineer an older proposal in Word for the subject deal.

The aggregate time-savings on lease negotiations and signings, has a significant impact on the property’s balance sheet

Typical proposals without ITM take 25+ minutes to complete; 5 minutes with ITM. Time savings is 5x.

2

Preservation of their existing experience

Brokers do not like change; ITMx, a free service that preserves their existing experience. Proposal outputs look and feel as if the broker drafted the document in Word on their desktop. The term-sheet format is preserved on the broker’s letterhead with the option of output in Word or PDF.

3

Customization

The broker maintains the ability to edit each section, but the proposal is pre-populated with language originated by the owner. Brokers can save their own proposal templates and section language.