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Latest News
Automating Lease Administration makes so much sense, yet why do so many companies struggle getting it right? The answers can be many, but usually they fall into two main categories: 1) Software, and 2) Data entry. There are many software products on the market for lease administration. The “free” ones are like any entry level offering.... Read More
Posted July 9, 2013 (Comment)
Lease Audit is a broad topic that means different things to different people. In most cases Lease Audit is associated with auditing Operating Expenses (“OE”). OE reconcilliations are an annual ritual in which the Tenant scrutinizes the Landlord’s numbers for variable and reimbursable expenses. This area of Lease Audit is covered in other articles. A different type of Lease Audit... Read More
Posted November 29, 2012 (Comment)
As if Tenants didn’t have enough to worry about, soon they will have a new accounting regulation with which to comply. It is known as Capital Lease Accounting. The lease accounting changes will not affect the underlying leases, but it will requireTenants to recognize the total expense obligations of their leases as liabilities on their Balance Sheets. Not only will balance sheet... Read More
Posted October 26, 2012 (Comment)
Auditing Operating Expenses (O.E.) is like going to the Dentist without Novocaine. That’s because the audit process is typically arduous, confusing, convoluted and time consuming. On the other hand, done successfully, an audit can uncover mistakes & errors, over-billing, duplicate invoicing, non-allowable charges, etc., etc.  Added up, these erroneous charges can amount to tens of... Read More
Posted October 17, 2012 (Comment)
When businesses evaluate the pros and cons of outsourcing lease administration, several factors come into play.  In his article “Companies’ drivers for and against outsourcing lease administration,” author Steve Silen of KPMG Advisory Services examines these factors. Click this link to download the Report. ... Read More
Posted August 31, 2012 (Comment)
A discussion of lease abstracting should start by first answering two important questions: 1) What is a lease abstract? 2) Why is lease abstracting important? The answer to question #1 is this: a lease abstract is a short form outline containing the key terms and conditions of a specific lease agreement. Its purpose is to highlight the important... Read More
Posted August 20, 2012 (Comment)