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I like the fact that PDF filler is very user friendly. I use it often in my insurance business
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Not always easy to find specific forms for my business
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I love the program as a homeless case manager, I can review information with clients, send to them for review, and signature from my office
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It needs a desktop application for easier access vs going to the website all the time.
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decreasing my travel, having access to documents when I need them in the PDF website, and access to cloud networks
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Separate Period Lease Feature
The Separate Period Lease feature offers flexibility for your rental needs, allowing you to manage lease periods effectively. This feature is designed to help both landlords and tenants navigate the complexities of rental agreements with ease.
Key Features of the Separate Period Lease
Customizable lease durations
Flexible start and end dates
Seamless transition between different lease terms
User-friendly interface for setting up leases
Clear communication of lease terms
Potential Use Cases and Benefits
Ideal for seasonal rentals or temporary housing arrangements
Effective for managing multiple properties with varied lease periods
Perfect for students or professionals in transition
Supports landlords in adapting to market demands
Provides tenants with more options and control over their living arrangements
By providing clear and defined lease periods, the Separate Period Lease feature resolves the uncertainties often faced in traditional rental agreements. You can confidently set up your rental terms, knowing that you have the flexibility and support needed to meet your specific requirements.
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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How do you treat rent-free period?
Compile the total cost of the lease for the entire lease period. Divide this amount by the total number of periods covered by the lease, including all free occupancy months.
How do I record my rent-free period?
Compile the total cost of the lease for the entire lease period. Divide this amount by the total number of periods covered by the lease, including all free occupancy months.
What is a rent-free period?
A rent-free period is period of time during your lease where you don't have to pay any rent at all. Although rent-free periods usually kick in at the start of the lease, you might find them at other points during the lease term.
How do you account for lease incentives?
For both payment methods discussed above, U.S. GAAP requires the tenant to record the incentives at gross value on their balance sheet. Thus, the cost of the improvements will be recorded in fixed assets and be depreciated over the shortest of the estimated useful life of the improvements or the life of the lease.
What happens during an abatement period?
Rent abatement is a provision that may be included in a commercial or residential property lease. It entitles the tenant to suspend rent payments or pay only a portion of the rent until a landlord completes property repairs.
What kind of account is deferred rent?
Deferred rents are recorded in either an asset account (e.g., other current or concurrent assets) when the cumulative difference between rent expenses and rent payments as of a balance sheet date is negative or a liability account (e.g., other current or concurrent liabilities) when the cumulative difference is
Is Deferred rent tax-deductible?
The vast majority of the time, the deferred rent recorded is the difference between the straight-line rent recognized for book purposes and the rent deductible for tax purposes (which is usually the cash paid).
Is Cam included in deferred rent?
Real estate CAM charges are not included in the asset value of the lease. Instead, they are expensed in the year they're incurred. It's important to scrutinize CAM charges to be sure that capital costs are not included in the expenses.
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