A Brand New “Legal” Deal Stage

Let’s be honest, there are a lot of steps to getting a deal done in commercial real estate. But, one of those stages has traditionally not been reflected in the VTS platform: the legal stage.

Now that’s fixed. There is now a “Legal” stage in the deal workflow.

Based on feedback, we heard that users needed a way to signal to the rest of their deal team that the legal team was looking over the deal. The stage lives between LOI and Lease Out. Like all the other stages on the platform, you can easily filter to find all deals that are now in Legal.

legal.png

*If you’re in the UK, the new stage is called Exchanged and is between Under Offer & Lease Completed.

Billy Fink
Billy Fink is a former member of the VTS team.

Learn how the world’s leading landlords and brokers use VTS to drive revenue.