Occupier Lease Accounting

Tenants who rent commercial space use Occupier Lease Accounting for three connected jobs: administering leases, accounting for them under FASB ASC 842 and IFRS 16, and managing the deals that create them. The platform keeps real estate and finance teams working from one record of each lease.

Administration for real estate teams

On the administration side, Occupier tracks rent payments, expenses, lease clauses and critical dates. Automated alerts warn about renewals, terminations and rent escalations in advance, so a team has room to negotiate or plan. All lease data and documents sit in one searchable system, and interactive dashboards give quick answers on how much space is leased, what it costs and what each lease says. The company says more than 100,000 leases are managed on the platform.

Accounting that follows the lease

When real estate updates a lease, the accounting records update with it. Occupier recognizes each lease measurement and remeasurement, builds amortization schedules, produces monthly journal entries, manages lease modifications and generates lease liabilities and disclosure reports, to help a team close its books each month. In-house accounting teams, CPA firms and auditors can collaborate on compliance in the same system, and the company says its reports are audit-ready.

Managing the deal pipeline

Transaction management is aimed at real estate teams and commercial tenant-rep brokers. It gives a view of the deal pipeline, lets users assign tasks and review proposals, and supports collaboration with brokers and legal counsel. A lease abstraction service extracts key terms from new lease documents, and the whole lifecycle can run from signing a new deal to complying with the accounting standards.

Built for tenants

Occupier says the platform was designed for commercial tenants from the start, with one source of data serving both the real estate and finance sides of the business.