Question 1

Can I automate the generation and distribution of rent invoices in LeasO?

Accepted Answer

LeasO doesn't support automatic rent invoice generation. It has to be done by the lessor. Once uploaded, the system will take care of the distribution based on the set workflow.

Question 2

Can I connect LeasO with my ERP?

Accepted Answer

Yes. Just let us know your requirements and we'll do it for you.

Question 3

Can I generate reports and analytics with LeasO?

Accepted Answer

Yes, you can generate reports and analytics with LeasO lease administration software.

Question 4

Can I import my current lease data into LeasO?

Accepted Answer

Yes, you can import lease data into LeasO using template excel files (.xlsx files).

Question 5

Can I manage and track lease incentives, concessions and rent-free periods?

Accepted Answer

Yes, you can manage and track lease incentives, concessions, and rent-free periods with LeasO lease administration.

Question 6

Can I provide feedback or suggestions for software improvement?

Accepted Answer

Yes, you can provide feedback or make suggestions for improvements to the software.

Question 7

Can I renew my lease through LeasO?

Accepted Answer

No, you cannot renew your lease through LeasO.

Question 8

Can I set up automatic rent payments in LeasO?

Accepted Answer

No, you cannot set up automatic rent payments in LeasO.

Question 9

Can I set up custom workflows and approvals for leasing transactions in LeasO?

Accepted Answer

Yes, you can set up a workflow that suits your organizational needs.

Question 10

Can I terminate my lease through LeasO?

Accepted Answer

No, you cannot terminate your lease through LeasO.

Question 11

Can I track and manage lessee payments and arrears?

Accepted Answer

Yes, you can track and manage rent payments and arrears for invoices.

Question 12

Can I view and pay my rent online through LeasO?

Accepted Answer

Yes, you can view and pay your rent directly from LeasO. We'll take care of the integration of your bank's payment API.

Question 13

Can I view my lease agreement and other important documents online?

Accepted Answer

Yes, you can view your lease agreement and other important documents online through the web app.

Question 14

Can I view my payment history and track rent increase in LeasO?

Accepted Answer

Yes, you can view your payment history and track rent increase in LeasO.

Question 15

Does LeasO support multi-currency and multi-language?

Accepted Answer

Yes, LeasO supports multi-currency and multi-language.

Question 16

Can the software integrate with popular accounting software such as QuickBooks?

Accepted Answer

Yes. Just let us know your requirements and we'll do it for you.

Question 17

Does LeasO support lease classification?

Accepted Answer

Yes, LeasO supports lease classification.

Question 18

Does LeasO protect my personal and financial information?

Accepted Answer

Yes, your financial information is fully protected with LeasO.

Question 19

Does LeasO have auditing and reporting capabilities for lease and finance agreements?

Accepted Answer

Yes, the software has auditing and reporting capabilities for lease and finance agreements.

Question 20

Does LeasO work without connecting with an ERP?

Accepted Answer

Yes, LeasO works as a standalone Property and Lease management system without connecting to an ERP.

Question 21

Can LeasO handle lease renewals and rent increase management?

Accepted Answer

Yes, LeasO can handle lease renewals and rent increase management.

Question 22

Can I access LeasO through web?

Accepted Answer

You can access the software through the web app.

Question 23

How can I communicate with my landlord using LeasO?

Accepted Answer

You can contact your landlord through LeasO's system-generated emails.

Question 24

Does LeasO offer help and support?

Accepted Answer

Yes, LeasO gives you a Customer first experience. We assign a dedicated Point of contact for all your queries!

Question 25

How do I report a change in address or other personal details in LeasO?

Accepted Answer

You can contact your SPOC of the team to report any change in address or other personal details.

Question 26

How does LeasO handle tax calculations and reporting for leases?

Accepted Answer

LeasO handles tax calculations based on your country selected and method with the help of an in-built taxation system.

Question 27

How does LeasO work under lease accounting under ASC 842 and IFRS 16?

Accepted Answer

LeasO comes with an in-built lease calculation that works depending on the country and currency you've chosen.

Question 28

Can I import lease agreements from spreadsheets or legacy solutions to LeasO Lease Administration?

Accepted Answer

Yes, you can. You'll get a sample upload file and you'll have to format your upload file in the same format.

Question 29

Is LeasO safe and secure?

Accepted Answer

Yes, the software is fully secure and you don't have to worry about your privacy.

Question 30

Does LeasO have a mobile app?

Accepted Answer

No, LeasO doesn't have a mobile app.

Question 31

Does LeasO have an administration console to manage users?

Accepted Answer

Yes, there is an administration console to manage users as well as their roles & responsibilities.

Question 32

Is LeasO Lease Administration for lessee or lessor accounting?

Accepted Answer

LeasO Lease Administration is for lessee accounting.

Question 33

How is a middle-of-the-term change in a lease recorded and documented?

Accepted Answer

Middle-of-term changes will be recorded as addendums to pre-existing leases. An addendum is an attachment used to clarify and add things that were not initially part of the original contract or agreement. The addendum has to go through the same approval process as in the case of a fresh lease.

Question 34

Can I set different roles in LeasO Lease Administration?

Accepted Answer

Yes, you can create as well as set roles as per your organization's structure and requirements.

Question 35

What are the key features of LeasO?

Accepted Answer

Some of the key features of LeasO are: (1) Automated Rent Calculation (2) Bulk Approval (3) Robust 3rd party integration.

Question 36

What is lease management software and how does it work?

Accepted Answer

Lease management software helps organizations manage their real estate leases, including the tracking of rent payments, lease renewals, and other important lease-related information. The software provides an efficient and centralized method for organizing and tracking lease information, making it easier for organizations to make informed decisions about their real estate holdings.

Question 37

What is LeasO Lease Administration?

Accepted Answer

LeasO Lease Administration is an end-to-end lease management solution with automated rental calculations, robust integration capabilities, and customizable workflows.

Question 38

What types of leases can LeasO handle?

Accepted Answer

LeasO can handle all types of standard commercial leases.

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