The Lean Rent Playbook
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Tango’s lease management and accounting software equips administrators and finance professionals to maintain compliance and manage lease activities.
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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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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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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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Lease renewal clauses give your business a window of opportunity to perpetuate the arrangement you currently have with a landlord. Usually, you get similar terms and lower rent than what you’d pay...
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Lease renewal windows give your business a valuable opportunity to double down on successful locations and pull the plug on sites that didn’t pan out. It’s also a chance to renegotiate for more...
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Your real estate portfolio represents one of your organization’s biggest operating expenses. And if you’re not careful, you could wind up paying a lot more than you have to. Lease audits are a...
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A single enterprise may have thousands of leases in its real estate portfolio. Corporate landlords can have just as many. Each of these leases has specific contractual obligations both parties...
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Common area maintenance (CAM) is what tenants pay a landlord to maintain shared spaces, such as lobbies, cafeterias, and restrooms. While every lease establishes the unique parameters for these...
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A tenant improvement allowance (also referred to as TI or TIA) is a sum of money a landlord agrees to pay for a tenant to build out or renovate a leased property to meet their business needs. The...
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Not long ago, lease administrators would have given anything for lease renewal options. Businesses wanted long-term arrangements with the option to continue the relationship when the contract...
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ASC 842 is a new accounting standard codification issued by the Federal Accounting Standards Board (FASB) that prescribes how public and private companies need to disclose leases in financial...
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