The administration of leases is crucial to the effective management of lease portfolios and the achievement of maximum returns. Despite the stakes, most property management firms have difficulty instituting streamlined lease administration. In this way, even very little mistakes can have a major effect on a company’s bottom line, costing them big bucks. To keep
Both Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) brought in sweeping changes, compelling real estate industry to rethink not just lease accounting but also lease administration processes. Aside from extensive regulatory changes, proliferation of digital technology, changing stakeholders’ expectations, volatile economic environment and intensifying competition continue to present daunting challenges
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