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Managing key lease terms and critical dates is a complex task especially because of the paperwork involved.
RE BackOffice’s Lease Abstraction Services help you remain updated with the critical details of the leases in your portfolio. Our Lease Abstraction Services ensures you have access to vital data at the right time.

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The client is the world´s largest operator, franchisor and licensor of convenience stores with over 8,000 outlets in the United States and 50,000 plus outlets around the world. In order to aid accurate operational decision making, the client required key lease terms and clauses that aided the decision making process to be abstracted from their leases and imported into their Decision Support System.

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The FASB changes to accounting standards are bound to take effect soon—whether you like them or not. Even though you will be given two years to get your house in order, trust us when we say it wouldn’t be enough. More and more businesses today are wondering how well they can be prepared before the changes hit their industry. And it makes sense too…why run helterskelter in the last minute seeking solutions to your accounting problems—which might prove costly in every sense. Here are a few steps you could take right now that will help you stay better prepared for the upcoming FASB regulations and avoid last minute panic and confusion…

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Are you looking to get your leases abstracted by a third party but are not sure how to go about it? Presenting a list of 5 questions that you absolutely MUST ask when choosing a lease abstraction vendor Who are you? What tools do you use? What quality guarantee do you provide? What’s your typical turnaround period? What type of output will you provide?

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Document tagging and bookmarking allow the landlord, tenant and all parties related to them such as their leasing agents and property managers to access all relevant lease clauses and terms on-demand in a few clicks, without having to spend time searching through the entire set of lease documents. This becomes especially useful when leases have multiple amendments or key correspondence documents or vary in formats—in which case manually looking up the clause would be very cumbersome.

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FASB is the Financial Accounting Standards Board that is responsible for developing the Generally Accepted Accounting Principles (GAAP) in the United States. IASB, The International Accounting Standards Board, is the international counterpart of the FASB. With more and more businesses now operating at a global level, there's a need to have standard accounting regulations that are followed across political borders. FASB and the IASB, basically dictate, in view of public interest, all of the accounting principles and policies that are followed in the United States.

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Document tagging and bookmarking allow the landlord, tenant and all parties related to them such as their leasing agents and property managers to access all relevant lease clauses and terms on-demand in a few clicks, without having to spend time searching through the entire set of lease documents. This becomes especially useful when leases have multiple amendments or key correspondence documents or vary in formats—in which case manually looking up the clause would be very cumbersome.

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RE BackOffice Standard Abstract Retail

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RE BackOffice Basic Abstract Retail

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