Month: March 2022 Articles

5 Things to Know. Right. Now. About Common Area Maintenance Costs

A tenant’s share of the costs to operate and maintain common areas of a property can be a significant financial component of a commercial lease. The underlying common area costs are detailed in a lease clause called ‘Common Area Maintenance,’ ‘Operating Expenses,’ or...
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What is Equipment Lease Administration?

The accounting requirements for ASC 842, IFRS 16, and GASB 87 compelled companies to look at not only their real estate leases, but also added requirements for managing equipment leases. So, what does lease administration for equipment leases involve? Well, there are...
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