M
E
N
U
Private companies are fast approaching the deadline of January 2022 for implementing the process to comply with the new lease accounting standard ACS 842. The intention behind this standard is to bring every operating expense on to the balance sheet that were previously off balance sheet. What this essentially means is filling in all the
Commercial real estate is one of the worst hit industries in the wake of the pandemic. As work from home continues, with some companies opting to adopt that policy as a new way of working, many offices are actively reducing their infrastructure footprints. This is helping companies to save cost and optimize returns. According to
Continuing with our series of lease abstraction FAQs we have shortlisted a few more questions that can help better understand the role of lease abstraction and how it can benefit real estate players in driving business, operational, asset, and economic value. Who needs lease abstraction? If you are reading this, you probably are looking to
Lease abstraction is one of the key and fundamental part of commercial real estate industry. As you are aware, lease abstracts are summary of most important details of a lease presented in an easy-to-read format. It allows commercial real estate property owners to stay on top of key data points across their lease portfolio –
Introduction Organizations typically enter into long-drawn lease deeds and agreements for occupying office spaces to carry out their operations. These documents contain complex terms and incredible detail. They are often unstructured and contain references to various schedules, annexures, and other ancillary documents that one must read in their entirety. In the retail and healthcare sectors,
The impact of the COVID-19 pandemic on your commercial real estate business is undeniably unprecedented and significant. Landlords are compelled to revisit their commercial lease to look for provisions that can help them navigate this crisis and defer and abate rent. However, the deluge of information, shifting situation and legal intervention pose massive challenges in