Learn lease management and accounting with our expert advice.
An evergreen lease is a recurring lease that automatically renews unless terminated. While it simplifies contract management, it introduces risk around missed deadlines, ongoing costs, and reporting complexity. For growing portfolios, properly managing evergreen leases inside a structured system is essential to maintain visibility, control, and compliance.
Lease administration and lease accounting serve distinct roles across real estate and finance teams. This article breaks down the key differences, how each function supports lease portfolio management, and why organizations benefit from connecting both within a single system.
Office strategies are evolving as organizations rethink how space is used, managed, and optimized across their portfolios.
Shifts in hybrid work, cost control, and long-term planning are changing how finance and real estate teams approach leases and workplace strategy.
For a deeper look at how these changes impact lease administration and financial reporting, explore the resources below.
Brooke Colglazier
Marketing Manager
Learn the basics of ASC 842 and IFRS 16 compliance and how these standards impact lease accounting. Explore our full guide for detailed requirements and examples.
Brooke Colglazier
Marketing Manager
**Summary**
SOC 1 Type 2 audits evaluate the internal controls of service organizations that process financial data. For lease accounting software, these controls are especially important because the system directly impacts financial reporting through calculations like lease liabilities, amortization schedules, and journal entries.
This article explains what SOC 1 Type 2 reports are, how they differ from Type 1 reports, and why finance teams often request SOC documentation when evaluating lease accounting software vendors.
Brooke Colglazier
Marketing Manager
A modern platform that unifies lease administration and lease accounting in one system, designed to ensure compliance, improve accuracy, and automate time-consuming financial and operational workflows.
Embedded leases are contracts that contain the right to control the use of an identified asset, even when the agreement is primarily for services. Under ASC 842, embedded leases must be identified and recognized on the balance sheet, making them a common source of compliance risk. This article explains how embedded leases work, where they are commonly found, how to identify them, and why accounting and lease administration teams need a clear process to avoid audit issues.
Brooke Colglazier
Marketing Manager
A tenant improvement allowance (TI allowance) is a landlord-funded contribution used to offset the cost of building out commercial space. While TI allowances reduce upfront construction costs, they also carry important implications for lease negotiations, accounting treatment, cash flow, and taxes. This guide explains how tenant improvement allowances work, what costs they cover, how they are paid, and what tenants and accounting teams should understand before signing a commercial lease.
Brooke Colglazier
Marketing Manager
Retail lease software is lease administration software that helps retailers centralize lease data, track critical dates, manage variable rent, and maintain compliance across multiple store locations. It replaces spreadsheets with automated alerts, centralized documents, and built-in sales-based (percentage) rent calculations, reducing the risk of missed renewals, rent errors, and unexpected occupancy costs.
Brooke Colglazier
Marketing Manager
Goodwill in accounting is an intangible asset recognized when a company acquires another business for more than the fair value of its identifiable net assets. It represents the premium paid for unidentifiable economic benefits such as brand strength, customer relationships, and expected synergies. Under U.S. GAAP, goodwill is recorded only in a business combination and is tested annually for impairment rather than amortized.
Brooke Colglazier
Marketing Manager