Lease Management System (MYKONOS)

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System Details

ProDIGIQ’s Lease Management System (MYKONOS) provides quick retrieval of lease information for forecasting, planning, and reporting purposes to maximize property management efficiency. MYKONOS provides the user the tools to oversee all leases, including Airlines, Parking, Car Rentals, Concessions, Fixed-Base Operators (FBOs) and Hangars. MYKONOS equips the user with increased insight on airport asset utilization and proactive planning for lease renewals, new leases, rent increases and lease negotiations. The intuitive web portal, simple graphical interface, and hands-on training enables the user to become proficient with the system quickly. Additionally, MYKONOS includes dashboard analytics with Key Performance Indicators (KPIs) and can be integrated with accounting and ERP systems.

MYKONOS is a comprehensive solution that can cover a wide array of critical processes through innovative features. The System allows airports to effectively manage plots/properties effectively with cutting-edge mapping capabilities. With MYKONOS’s automatic alerting capabilities, appropriate stakeholders will be made aware of expiring insurances, ensuring all insurances are properly managed. MYKONOS also allows for the management of concessions/tenant revenue tracking/reporting. In addition, the System can track aeronautical activity as well as carrier activity such as internal operations, activity by location, arrivals, departures, passenger count data and more. MYKONOS also allows for the tracking, generation and dissemination of tenant invoices and also allows for the tracking of utility information.

MYKONOS Modules

MYKONOS Overview

  • Repository of lease terms, plots, insurance, security, rent, maintenance obligations, and monthly reports
  • Archive and extract communication about a lease record
  • Waitlist feature to keep track of interest list for lease types with quick conversion to lease record
  • Mass rent increase feature for CPI adjustments based on lease types or tenant groups
  • Effectively track and manage lease utilities
  • Easily track aeronautical activity data
  • Track carrier activity data such as arrivals, departures and passenger counts
  • Streamlined tenant/concessions revenue reporting/tracking

Key Benefits

  • Quick retrieval of lease information for forecasting, planning, and reporting
  • Increased insight on airport asset utilization and lessee insurance compliance
  • Proactive planning for lease renewal, new leases, and lease negotiation
  • Helps track tenant and airport hangar improvements
  • Cutting-edge mapping capabilities for effective property/plots management
  • Automated alerts for enhanced insurance management
  • Advanced invoicing capabilities
  • Seamlessly procure solution through GSA Schedule

Related Pages

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Additional Subject Information

Without a system in place, it can be incredibly cumbersome to monitor lease information. As expressed in the article High Tech Strategies for Lease Management, “Necessary tenant information includes the type of plane, amount of rent, payment dates, and current proof-of-insurance.” Keeping track of all of these data points becomes overwhelming when utilizing paper processes and spreadsheets. “Multiply all that by 200 or 300 hangars, and the task becomes daunting for smaller airports with limited staff and budgets.” Even some Software Solutions are so unintuitive that they end up creating more problems than they solve. An intuitive lease management system can instantly provide a solution to these challenges by enabling an organization to have a repository of lease terms, insurance, securities, rent, monthly reports, etc. that can be easily pulled for viewing in as little actions as possible.

Benefits to Lease Management

  • Centralized repository of leasing information saves airports time when finding information on a specific tenant/lease agreement due to mapping features, and document storage
  • Analytics and alerts for expiring leases, insurance or securities, etc. reduces the chance that an airport misses overdue payments, monthly reports, and maintenance
  • From sending automatic alerts about expiring insurances and leases to generating custom reports and more, lease management systems have a significant positive impact in streamlining airport operations
  • By switching over to lease management software, airports can gain greater insight into their leases

Signs That an Airport Needs Lease Management Software

  • Airport staff is consuming too much time managing and tracking lease information
  • Not receiving updated information about upcoming expiring leases for future planning
  • Difficulty finding and exporting tenant insurance information
  • Unable to ensure all tenant documentation is unexpired at a glance
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