Securing a commercial lease goes beyond agreeing on a monthly rent. It's about strategically leveraging every available tool to optimize costs and enhance flexibility. One of the most powerful tools at your disposal is the rent concession. This guide will cover what...
Lease Management Articles
Lessor vs. Lessee: Differences, Accounting, & More Explained
1. Lessee meaning 2. Lessor meaning Lessor vs. lienholder 3. Who are the lessor and the lessee in rental agreements? Commercial real estate Lessor and lessee in subleases Sale-leaseback transactions 4. What is lessor’s risk insurance? 5. Differences in lessor vs....
Financial Contract Tracking: What You Need to Know
It's that time of year for accountants and finance professionals - the calm before the storm. The auditors left their PBC list when they were doing some interim work in November. If you can just pull together all the various contracts and supporting documentation they...
How to Find the Best Lease Management Software
If you’re in the market for a lease administration tool to help manage your leases, you’ve probably come across several options. How do you decide which lease management software is the best option for you and your company? In this article, we’ll discuss some of the...
What Is Lease Management / Lease Administration?
1. Lease management tasks Data entry and maintenance Payment processing and tracking Lease accounting Lease administration Reporting and analysis 2. Who's responsible for lease management 3. Lease management tools Excel Lease management software 4. What's next for...
Overpaid Rent: 5 Ways that Businesses Overpay Rent and Don’t Know It
1. Paying invoices with incorrect payment due amounts Present value calculator 2. Annual escalations 3. Not realizing a monthly payment is not required 4. Missing renewal notice deadlines 5. Common area maintenance overpayments 6. Related articlesIndustry statistics...
Optimize NetSuite ERP Software with Integrations
Let’s face it, when it comes to operating a business, there are a lot of reports, documents, and data to keep track of. To ensure scalability and success, executives have to stay on the ball and in control of profitability and revenue. For NetSuite users, it’s become...
Rent Deferment: 6 Tips for Negotiating a Rent Deferral with Your Landlord
1. See the landlord’s perspective 2. Know the full value of your lease 3. Use data to identify which leases to negotiate 4. Approach with a solution in mind 5. Collaborate across departments 6. Understand the accounting implications of rent deferments COVID-19 relief...
Operating Expenses Explained: Types, Examples, Accounting, & More
1. What are operating expenses? 2. Operating expenses vs. capital expenditures 3. Types of operating expenses Cost of goods sold (COGS) Selling, general, and administrative expenses (SG&A) Depreciation and amortization Research and development (R&D) Notable...
Commercial Lease Overview: Lease Types, Management, Accounting, & More
1. Understanding commercial lease agreements Commercial leases of equipment 2. Commercial lease management Lease management software 3. Commercial lease types Gross lease / full-service lease Net lease Absolute net lease or "absolute NNN lease" Modified gross lease...
Leases Are More Than Just Real Estate & All Industries Have Leased Assets
Heads up! You may have more leases subject to compliance than you realize. Do you rent any equipment for your business? Do you have any service contracts granting you access to specific assets? If you answered “yes” to either of these questions, you likely have a...