Lease contract administration is an essential function in any business --particularly those that deal in real estate and leasing enterprises. It does not just involve preparing leases and ...

CEO/Founder of Smart Property Systems, Jack of all Trades in charge of delivering a best in class solution to customers. I was on the phone one day with a property manager from Chicago. He called to ...

With the new Financial Accounting Standards Board (FASB) lease accounting standard — Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), many companies are grappling with the transition ...

Once signed, the Ijara (lease) contract, will remain binding on the lessor and lessee and cannot be terminated or altered, unless consented to by both parties. However, an Ijara contract may be ...

A lease takeover is when a lease is transferred from the original buyer to a new person. The new person inherits the present contract and car for the remainder of the period. This is common when the ...