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Top benefits of a commercial building automation system for businesses
Managing a commercial building involves balancing efficiency, security, and tenant comfort. A building automation system (BAS) streamlines this process by integrating HVAC, lighting, security, and other essential systems. However, understanding build…
Lease vs licences: What’s the difference?
Understanding the differences between a lease and a licences is essential for commercial landlords. While both agreements allow another party to occupy or use a property, they have distinct legal, financial, and operational implications. A lease prov…
Commercial flex space vs traditional lease: What landlords need to know
Commercial landlords are adapting to evolving tenant demands, particularly as businesses seek more flexible leasing options. Traditional long-term leases provide stability, but the rise of commercial flex spaces offers agility and short-term commitme…
How to account for operating leases
Accurate lease accounting is essential for commercial property managers. Operating leases impact financial reporting, cash flow management, and compliance with international accounting standards. The introduction of ASC 842 and IFRS 16 has changed ho…
Understanding landlord responsibilities for structural repairs in commercial leases
Managing a commercial property comes with a range of responsibilities, particularly when it comes to structural repairs. As a landlord, knowing where your obligations begin and end can help prevent disputes, protect your investment, and maintain stro…
Core differences between residential and commercial property management
Navigating the complexities of property management requires a clear understanding of the distinctions between residential and commercial properties. Both sectors present unique challenges and opportunities, requiring tailored approaches to ensure suc…
How AI contract review automation transforms efficiency: exploring the benefits
In property management, handling contracts can often feel like a never-ending task. From sifting through dense legal jargon, to ensuring compliance with ever-changing regulations, the process can be both time-consuming and prone to errors. However, t…
Strategic approaches to simplifying contract analysis with AI
AI is transforming how businesses manage contracts by automating time-consuming tasks and boosting efficiency. From reviewing dense legal documents to tracking important deadlines, AI can streamline these processes, allowing you to focus on core resp…