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Why a Focus on Lease Administration is so Important.
Without a specific focus on lease administration, a corporation’s real estate assets are likely to be underutilized, resulting in missed opportunities to capture value, streamline operations, and avoid costs. When these opportunities are missed and inaccurate charges are unknowingly paid, the result is an asset portfolio that is more expensive and more difficult to manage. It also becomes increasingly difficult to remain compliant with regulatory requirements such as the new FASB and IASB lease accounting standards.