Translation

Market Report

Perth Market Report

Perth Commercial Office Market rose by 19% in the last quarter with over 18% vacancy

Full documentation of all leases into English or other core languages is undertaken from original documentation in Tier 1, 2 or 3 leases. This information is documented and abstracted in a dual language manner to ensure full interpretation of key clauses is available at the time of review. 

Latin based languages

Most of the latin based languages including French, Spanish, and Portuguese are translated using the AWS machine language system that has been trained to understand lease and property related language. This significantly reduces the overall time of lease translation.

It is supported by a human review at the end of the translation process to ensure accurate interpretation of lease clauses. 


Pricing

Translation pricing is on a word basis and is set at USD 0.005 per word for each lease based on the original documentation. This generally equates to USD 90 for an average 30 page lease. 

Bulk discounts are as per below:

  • 30 Leases – 10% discount
  • 80 Leases – 25% discount

Common Non Latin based languages

Non latin based languages such as Chinese and Russian are manually translated due to the limited capacity of the AWS machine language to identify and process these languages and the complexity in terms of interpretation of lease related clauses.

 

Pricing

Translation pricing is on a page basis at set at USD 2.50 per page. Based on most Chinese leases (less than 10 pages) this is around USD 25 per lease.

Bulk discounts are as per below:

  • 30 Leases – 10% discount
  • 80 Leases – 25% discount

Non common languages

Leases in jurisdictions such as Mongolia, Thailand, and Laos where contracts are required to be in the local language – and in some circumstances such as Mongolia where the lease is written in three languages – a negotiated rate is agreed for the translation based on the complexity or nature of the lease document. 

 

Pricing

Translation pricing is on a per-lease basis and subject to negotiation based on the complexity or nature of the lease itself.