News, views and industry trends

A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. It’s especially common for retail spaces, restaurants, and other franchise businesses. With a triple net lease, tenants are responsible for more th…

Lease management software is used by real estate teams to oversee the management of their lease portfolios, from keeping on top of administration and accounting to making strategic decisions about contract renewals. Used correctly, lease management s…

Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. And it would be – if the business landscape never changed. While Excel can be a great starting point, it c…

In the highly competitive world of property management, staying on top of your portfolio is the key to success. However, juggling leases can be a complex task of documents, deadlines, and specifics that often challenge even the most experienced lease…

Healthcare organizations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. One of healthcare organizations’ most significant challenge…

Every action that takes place in and around a building has the potential to create data – and lots of it. Information comes from leases, work orders, energy usage alarms, sensors, and more. The people that set foot on your property generate data poin…

Effective from December 15, 2018 for private sector organizations, and more recently in the public sector from December 15, 2021, ASC 842 is the new standard for lease accounting issued by the Financial Accounting Standards Board (FASB). Meanwhile, G…

For companies handling a large number of leases that are either very complex or have high churn, lease audits are a necessary but resource-intensive process.   Whether a company acts as a landlord, a tenant, or both, it can be challenging to stay on …