Articles and updates on AI lease abstraction, lease data extraction, critical-date tracking and commercial real estate automation.
Under ASC 842 a tenant improvement allowance is a lease incentive that reduces the ROU asset, not income. See the lessee journal entries, with a worked example.
Read articleHow sale-leaseback accounting works under ASC 842: the ASC 606 sale test, successful versus failed sales, and why a repurchase option usually fails the test.
Read articleThe key terms in a data center lease: power capacity and $/kW rent, the uptime SLA and credits, take-or-pay, escalations, and expansion rights, explained.
Read articleMRI ProLease is the lease accounting system; MRI's AI abstraction is a separate tool, MRI Contract Intelligence. Here is how the two fit and how to test it.
Read articleYes, LeaseQuery powered by FinQuery has built-in AI that extracts lease data, but it is bundled into the accounting platform. How it works and how to test it.
Read articleLease abstraction costs run from about $25 to $150+ per lease for a managed service, a subscription for software, or staff time if you do it in-house. How to compare them.
Read articleGASB 87 journal entries for a lessee: initial recognition of the lease liability and right-to-use asset, then interest and amortization each period. A worked example.
Read articleA commercial lease abstract report is a one to three page summary of a lease's key business terms. Here is exactly what goes in it, section by section, with a sample.
Read articleThe clauses a US commercial lease should contain: parties, premises, term, rent and escalations, expense structure, options, insurance, default, and remedies.
Read articleAn embedded lease is a lease hiding inside a contract not called a lease. The ASC 842 test, the contracts most likely to contain one, and how to find them.
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