The Next-Generation Real Estate & Facilities Platform
Deferred rent is the outcome of making a lease payment that is less than its recognized expense on your financial statements. It typically results from free or reduced-rate rent periods, often...
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Leasehold improvements are modifications to the interior of a leased building to make it more useful or desirable to the tenant. They are sometimes also referred to as build outs or tenant...
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Percentage rent is a rent in which a commercial tenant pays rent based on a percentage of their gross sales, either in addition to or instead of a minimum base rent. It’s a standard lease payment...
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Embedded leases are an important component for accounting compliance. For some organizations, this is the greatest source of failure to comply with the new lease accounting standard leading to...
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Years ago, businesses with large office buildings could get by with a simple reservation system that allowed employees to book meeting rooms. Some workers needed to interact with it less than once...
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A lease abstract is a concise summary and analysis of a lease agreement, providing the key provisions from lease documents in an easy-to-understand format. Lease documents tend to be extremely...
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Equipment lease management software, sometimes referred to as asset leasing software, is a digital solution organizations use to identify, organize, track, and administer leased assets. Whether...
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Lease incentives are benefits added to encourage tenants to enter into lease agreements. Landlords may advertise lease incentives along with the property in order to attract potential tenants, or...
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Franchise marketing describes the strategies franchisees and franchisors use to promote their brand, attract customers, increase revenue, and expand the franchise. It encompasses two distinct...
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Sister store cannibalization is when different stores owned by the same parent company serve overlapping territories and earn sales that would’ve gone to the other location. Say you have a...
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Real estate is one of your top operating expenses. So why waste it? If you aren’t measuring and reacting to your space utilization, you’re probably paying for space you don’t need and inhibiting...
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Office space management is the ongoing process of supervising and controlling the physical space in a business or organization’s offices. It involves planning how the space will be used, gathering...
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Equipment lease management is a subset of lease administration that focuses exclusively on leased equipment. It’s how organizations monitor and handle legal agreements to rent vehicles, machinery,...
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As your organization grows, your office space has to expand to keep up. And the larger the campus, the more complex it becomes to find your way around. This can cause employees to lose time simply...
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Even if you only have one small facility, it’s hard for a maintenance manager to work from spreadsheets, coordinate internal and external teams, manage asset data, track maintenance schedules, and...
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Presenteeism is the problem of lost productivity caused by employees working when they should be taking sick days to rest and recover. It’s kind of like the inverse to absenteeism, where employees...
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Site selection software uses artificial intelligence, machine learning algorithms, and geographic information systems (GIS) to help organizations build site models, create sales forecasts, and...
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Occupancy analytics is the process of monitoring, tracking, and analyzing a facility’s space utilization, typically using a combination of IoT sensors and space management software. Whether you’re...
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Capital program management software (CPMS) helps organizations efficiently plan, approve, execute, and finance construction projects at scale. The more locations you have to manage, the more...
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Capital program management groups related construction projects together, helping organizations plan, fund, coordinate, and execute work across multiple locations. Programs replicate projects on a...
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