Blog by LeaseCalcs

Thriving through a pandemic

By Kelly Herrera | January 27, 2021

Closing the book on 2020 and looking back, I have so much gratitude for our resilient team and incredible clients. Through the midst of a pandemic, LeaseCalcs had another year of stellar growth – in revenue, total clients, profitability and headcount. While our world class SaaS application deserves some credit, the world class clients that continue to pick LeaseCalcs as their lease accounting, administration and analysis solution deserve all our thanks. This is especially true of the new clients – like the few examples below, among many others – we were honored to partner with in 2020. As great as

COVID-19: A Tale of Two Rent Concessions

By Kelly Herrera | May 11, 2020

COVID-19: A Tale of Two Rent Concessions In the words of Charles Dickens, “It was the best of times, it was the worst of times.” Two tenants each received a $150,000 rent concession from their landlord. One tenant saw an immediate $150,000 improvement in net income, the other only $16,666. As a broker helping tenants make important decisions about their business, you must understand why this happened before you finalize another rent concession / lease restructure. COVID-19 related rent concessions – rent deferrals or abatements – take many forms. Often, they are combined with a lease extension, or even a

COVID-19, Rent Concessions & Lease Accounting

By Kelly Herrera | May 7, 2020

COVID-19, Rent Concessions & Lease Accounting COVID-19 related rent concessions take many forms, but new guidance from the FASB & IASB oversimplifies the real world scenarios. These six scenarios explain what every tenant or lessee needs to know to comply with the new COVID-19 lease accounting guidance from the FASB & IASB. Pure rent abatement / forgiveness. Rent deferral, with the rent to be repaid later with no other change to the lease. Withholding of rent. Not a deferral, but a unilateral decision to preserve cash. Rent abatement or deferral, but with a contraction in leased premises or assets. Rent