Title Firm Launches LeaseProbe

Madison Title Agency, Lakewood, N.J., has announced the launch of LeaseProbe LLC, a wholly owned subsidiary that conducts lease review, lease abstraction, and commercial real estate due diligence.The company said LeaseProbe enables customers to better organize and manage critical lease data, including base rent, terms, operational expenses, assignment, subletting, purchase, relocation, and termination options. The service is designed as a due-diligence tool for parties engaged in acquisitions, mergers, or dispositions and a property management tool for landlords and tenants. "LeaseProbe was created to provide commercial real estate professionals with precise and accurate lease information," said David Tesler, LeaseProbe's chief executive officer. "Traditionally, the review and abstracting of commercial leases has been one of the most time-consuming and laborious elements of the acquisition and management process, yet it is also one of the most critical functions."