Category: Lease Management
Can you sublease a commercial lease?
Subleasing a commercial lease can be an effective way to manage unused space or reduce costs, but it comes with specific legal and operational considerations. Whether you’re a tenant or a landlord, understanding the process is essential to ensu…
What is lease administration?
Lease administration involves overseeing and managing the details of lease agreements, from negotiating terms and ensuring compliance with accounting standards to maintaining tenant relationships and managing portfolios. For businesses managing multi…
Finding the right lease accounting solution for the transition
Welcome back to our series of IFRS 16 ‘101’ blogs, aimed at guiding you through the preparation required to successfully transition to a IFRS 16 lease accounting solution in time for 1st April 2022. Now that you have collated all your lease data …
The benefits of AP automation for leasing
In recent years there’s been a lot of noise about the benefits of AP Automation. Mostly we hear about using technology to make it faster, save time and even reduce head count. However, when it comes to property and leasing, there is often real money …
AI partners with accounting expertise to maintain IFRS 16 compliance
The International Financial Reporting Standard (IFRS 16) came into effect in January 2019, significantly changing lease accounting practices by requiring everything from a real estate lease to a car lease to a fax machine lease to be holistically eva…
Lease administration: The key to uncovering hidden costs in your leases
For a corporate occupier, managing the complex leases within the organisation’s property portfolio is a tedious endeavour, especially given how difficult it can be to ascertain the true monetary value of a lease. When it comes to managing a large por…