While lease administration software can be a useful tool, it’s not a replacement for the knowledge and support provided by a lease administration provider. If you’re looking to manage your leases more effectively, a lease administration provider is an important investment to consider.
While lease administration software is an essential tool for managing real estate leases, it is not a substitute for the expertise and services offered by lease administration providers. By partnering with a lease administration provider, companies can benefit from expert knowledge and support, customized solutions, lease audit recoveries, data management and analysis, risk management and compliance, and time-savings.
For the adoption of ASC 842, and when future leases are added or modified, your team will need to assess whether a renewal option is “reasonably certain” to be exercised. “Reasonably certain” is intended to be a high threshold and reflects the existence of a...
At NLA, we do not think the pandemic is an excuse to lose control of expenses. Property managers owe it to their tenants to control the year-over-year costs.
As advocates for tenants, one of the most frustrating observations the lease administration and lease audit team at National Lease Advisors makes is landlords taking advantage of loose lease provisions to pass through excessive capital expenses. The debate between...