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I have been using this app since 2016, best app ever , saved me time, money, printouts and all in one group of options which made my life easier.
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Never had any issues as far as I remeber
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Keep the good work going guys
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Converting from and to pdf, faxing and email options along with notarize service
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2023-02-20
Extend Highlight Lease Feature
The Extend Highlight Lease feature makes it easy for you to manage your lease agreements efficiently. This tool provides flexibility and control over your leasing process, allowing you to respond to changing needs without hassle.
Key Features
Simple lease extension process
Automatic reminders for upcoming lease expirations
Customizable lease terms based on your requirements
User-friendly interface for easy navigation
Secure storage for all your lease-related documents
Potential Use Cases and Benefits
Extend leases on commercial properties effortlessly
Manage multiple leases in one place
Avoid costly legal complications by extending leases on time
Increase tenant satisfaction by providing flexible leasing options
Streamline communication between landlords and tenants
By using the Extend Highlight Lease feature, you will save time and reduce stress when handling lease agreements. This tool helps you stay organized, keeps you informed, and ensures that you avoid the pitfalls of missed deadlines. Take charge of your leasing process today.
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How many types of leases are there going to be under the new leasing standard?
The FAST lessee accounting model retains two types of leases, and is consistent with the lessee accounting model under existing GAAP. One type of lease (finance leases) will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP.
What is the new lease standard?
WHAT ARE THE CORE PRINCIPLES OF THE NEW STANDARD? The new standard will require organizations that lease assets referred to as lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases.
What is the new leasing standard?
WHAT ARE THE CORE PRINCIPLES OF THE NEW STANDARD? The new standard will require organizations that lease assets referred to as lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases.
Why are new leases standard?
The new leases standard will increase transparency and comparability among organizations that lease buildings, equipment, and other assets by recognizing the assets and liabilities that arise from lease transactions.
What is the new FAST on leasing?
The Financial Accounting Standards Board's (FAST's) new standard on accounting for leases is set to take effect January 1, 2019, for US public companies with calendar year ends, affecting entities across all industries that enter into lease arrangements or sign contracts containing leases to support their business ...
What is a lease ASC 842?
ASC 842 provides the requirements of financial accounting and reporting for lessees and lessors and comprises five Subtopics (Overall, Lessee, Lessor, Sale and Leaseback Transactions, and Leveraged Leases Arrangements). Below is an overview of each Subtopic.
What is lease accounting standard?
In February 2016, FAST issued new lease accounting requirements in Accounting Standards Update (ASU) No. ... Under its core principle, a lessee recognizes a right-of-use (YOU) asset and a lease liability on its balance sheet for most leases, including operating leases.
What is the new lease accounting standard?
Accounting Standards Codification Topic 842, also known as ASC 842 and as ASU 2016-02, is the new lease accounting standard published by the Financial Accounting Standards Board (FAST). It replaced the previous US GAAP leasing standard, ASC 840, which is almost 40 years old.
What is lease accounting?
Leases are contracts in which the property/asset owner allows another party to use the property/asset in exchange for something, usually money or other assets. The two most common types of leases. ... in accounting are operating and financing (capital lease) leases.
What is a lease under ASC 842?
Under ASC 840, FAST permitted operating leases to be reported only in the footnotes of corporate financial statements. Under ASC 842, the only leases that are exempt from the capitalization requirement are short-term leases less than or equal to 12 months in length.
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