Equipment Lease Management Software: Account for Every Asset
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 it’s a...
View ArticleHow to Simplify Lease Abstracts at Scale
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 long,...
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Checklist: 7 Reservations You Should Be Making in Your Office Hoteling Software
Years ago, businesses with large office buildings could get by with a simple reservation system that allowed employees to book meeting rooms. Some workers needed to interact with it less than once a...
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Embedded Leases: What They Are and How to Identify Them
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 higher...
View ArticleHow to Calculate Percentage Rent in Commercial Leases
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...
View ArticleLeasehold Improvements: What They Are and How They Work
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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Deferred Rent: What It Is and How It Affects Lease Accounting
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...
View ArticleThe Retailer’s Guide to CAM Audits
Nobody likes paying for things they don’t have to. But in commercial real estate, overcharges happen all the time—and it’s up to you to catch them. Lease administration and accounting are complicated,...
View ArticleThe Retailer’s Guide to Co-Tenancy
As you consider the best locations for your stores, nearby businesses are key site selection factors that impact how they may perform. This applies to every facility, but it’s especially important in...
View ArticleWhat You Need to Know About CAM Reconciliation
Common area maintenance (CAM) is what tenants pay a landlord to maintain shared spaces such as lobbies, cafeterias, parking lot and restrooms. While every lease establishes the unique parameters for...
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What You Need to Know About Lease Audits
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 for it than you have to. Lease audits are a...
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How to Conduct Tourism Analysis
Some trade areas have relatively consistent patterns of commerce activity year-round. Others fluctuate with annual events and seasonal demand. In popular tourist destinations, a trade area’s...
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7 Keys to Restaurant Market Analysis
As your restaurant business expands, market analysis is critical to ensuring you select the best possible sites for your new locations and optimize your real estate portfolio. While it might be nice...
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Retail Void Analysis: Find the Gaps Everyone Else Is Missing
As retailers seek out growth opportunities, void analysis often plays a key role in identifying prime trade areas. You don’t want to make a multi-million dollar investment in a new location only to...
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How White Space Analysis Helps Retailers Find New Locations
Sometimes growth opportunities are obvious. Perhaps your customers regularly ask whether you provide a service or carry a product you don’t have yet. Or maybe there’s a real estate opportunity right...
View ArticleHow Stack Planning Helps You Manage Your Office Space
Stack planning is a data visualization process business leaders use to optimize office space around goals relating to growth, downsizing, or synergy between departments. It provides a big-picture...
View Article10 Predictions for Site Selection in 2023
The broad principles of site selection tend to remain static. You’ll always want to prioritize locations with the greatest access to demand from the highest concentrations of your target demographics....
View ArticleWhat Is Lease Transactions? Tango’s Solution for Managing Existing Leases
For years, Tango has provided enterprises with best-in-class solutions for predictive analytics, space management, lease accounting and administration, and other business processes. We’re pleased to...
View Article9 Keys to Effective Move Management
Every workplace goes through changes that affect where and how employees work. Usually, these changes are small, like when a new employee joins the team, or someone gets let go. But sometimes, office...
View ArticleWhy GIS Mapping Is Key to Site Selection
The right location can make or break your business. You could offer the best products or services around, but if your store can’t capitalize on demand (or there’s not enough of it in the trade area),...
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