Blog
ESG Resources
ESG is becoming one of the foremost considerations of the real estate industry. Scribcor is compiling a collection of resources addressing the challenges and opportunities that ESG presents. We will be updating these resources on an ongoing basis, so check back soon!...
EU’s New ESG Reporting Rules Will Apply to Many US Issuers
New environmental, social and governance (ESG) reporting requirements in the European Union (EU) and the US are set to fundamentally change the nonfinancial reporting landscape. The new EU rules will require ESG reporting on a level never seen before, and will capture...
Scribcor Global’s CAM Resource Roundup
It's CAM season again, so we've rounded up our best CAM resources to give a solid primer to anyone unsure where to get started with reviewing their CAM reconciliations. Check out the informative articles below for help with all things CAM-related: Desktop vs. Full...
Healthcare Leases & Stark Law Compliance – Part Two: Critical Dates for Healthcare Leases
Healthcare Leases & Stark Law Compliance Part Two: Critical Dates for Healthcare Leases Preventing compliance issues and penalties associated with protocols such as Stark Laws and Anti-Kickback statutes begins with knowing where the issues may lie. Lease...
Healthcare Leases & Stark Law Compliance
Stark Law and Anti-Kickback compliance requires ongoing effort and monitoring. Similar to other regulations and standards, like those for lease accounting, thinking beyond the initial adoption prevents repeated projects and mitigates financial exposure and risk. Under...
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...
5 Things to Know. Right. Now. About Effectively Managing Equipment Leases
A lease is a lease, right? It is true that all leases are contracts and share some of the same characteristics, even though specific rights and obligations can vary due to differences in the underlying leased assets. Some leases, like those for real estate assets, are...
5 Things to Know. Right. Now. About Why You Shouldn’t Ignore Your Equipment Leases
The processes for equipment leasing in many organizations can be characterized as fragmented and decentralized, especially for small value assets. Some high-volume, higher value assets such as fleet vehicles might be leased under master agreements, but for others,...
Desktop vs. Full Lease Audit & Audit Rights, Explained
We often discuss how important it is to review your Common Area Maintenance (CAM) or Operating Expense (OPEX) reconciliation since reviewing this information can save your company money. Depending on the size of your leased space, it could be a great deal of money....
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.
What Do You Need to Know. Right. Now. About Your Lease’s Base Year?
Common area maintenance (CAM) reconciliations are processed by landlords throughout the year, but most often in the first half of each expense year. Some office leases have an amount relating to CAM built into their base rent charge, called a “base year.” This base...
Caps, Stops, Pro Rata Share and More! The Components and Mechanics of Expense Reconciliation
Commercial tenants are often financially responsible for their share of a property’s operating expenses, which can be a sizeable portion of their total lease obligation. Accurately calculating the tenant’s share entails a thorough understanding of each of the...