Lease and Tract Management Solution
The Integra Lease & Tract Management application provides comprehensive
management and control of land records, delay rental functions, lease obligations
maintenance and tracking and other reporting and analysis functions required by
land and lease owners. The system provides for entry and maintenance of lease
information, rental payments and rental billing information, as well as legal
descriptions, remarks, special obligations, well references, tracts and leasehold
ownership information. Integra Land Management will process delay rental, bonus and damages checks
and interfaces to Integra Joint Interest Billing for automated billing of your
partner’s share of actual expenses. Land lease records include rental payment
status, lease status, acreage and bonus information and more. Legal description,
general remarks, location description and obligation descriptions are handled as
well as trigger dates for obligations, expirations and rentals coming due. Rental
payment due dates can be scheduled on standard annual, semi-annual or
quarterly dates, or on odd month schedules as required. A detail rental payment
history file is maintained showing lessor, depository agency (bank), check date,
check number, bank charges and rental amount. This file provides a complete
rental payment history as well as providing the annual totals required for year-end
1099 reporting.
The system also allows for ownership maintenance and computes ownership at
various levels for display on screen and in reporting. The ownership is tract
sensitive, allowing for a tract by tract analysis of leasehold interest. Tract
information is maintained to allow breakdown inside a general lease level to track
ownership, obligations and rentals to specific tract levels. Integra Lease & Tract
Management allows printing of reports on demand including Lease and Tract
Inventory Registers, Lease and Rental Calendars, Lease Data Sheets, Expiring
Leases, Rentals & Obligations Coming Due Reports and more. Integration with
Integra’s Query Manager allows you to create unlimited ad-hoc queries and
reports. The Query Manager’s powerful Data Selectors and sorting, exporting and
printing features allow you to easily create powerful queries from your Lease &
Tract database. Integra’s Lease & Track Data Selector is integrated into all
reporting to provide powerful and flexible selection and sorting options.
Integra Land Management allows delay rental payments at any time during the
month or only once per month, based on your needs. Rentals coming due reports
are printed in addition to detail and summary check registers and actual delay
rental checks. Integra Lease & Tract Management will automatically post billing
and accounting entries to Integra Joint Interest Billing or Integra General Ledger.
An interface to the Integra Check Reconciliation system is available for check
printing reconciliation if installed. Comprehensive audit trails are included as well
as password security features to protect your records from unauthorized
access. Learn
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