Posts by Scribcor Global

Scribcor Global Lease Administration is a full-service lease administration company dedicated to helping clients manage their leases in a more efficient manner while monitoring portfolio opportunities, mitigating financial risks, and sending savings to the bottom line.

Scribcor Global Lease Administration successfully completes SOC 1, Type 2 Audit Examination, symbolizing adherence to described internal controls and commitment to best practices.

  OAKBROOK TERRACE IL, September 13, 2022 -- Oakbrook Terrace, Illinois-based Scribcor Global Lease Administration announced today that it has successfully completed a System and Organization Controls (SOC) 1, Type 2 Audit examination for their lease...

Office Building Owners Drown in Tide of Sublease Space

Companies throughout the U.S. are flooding the market with office space to sublease as landlords already face weak demand as firms embrace hybrid work models. Read the rest of the story on WSJ's website.

FASB Improves Discount Rate Guidance for Lessees that are not Public Business Entities

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves discount rate guidance for lessees that are not public business entities—including private companies, not-for-profit organizations, and employee benefit plans. ...

Year End Lease Administration in a 2020 World

This year, it is more important than ever to prepare for year-end lease administration activities.  During a year where some leases were modified for pandemic related reasons, some lease assets are impaired, expenses for health and safety efforts increased, physical...