METHOD AND SYSTEM FOR REPURPOSING LEASE ANALYSIS, ACCOUNTING, ADMINISTRATION, AND MARKET DATA COMPARISONS

• US 20140244452A1
• Filed: 02/26/2014
• Published: 08/28/2014
• Est. Priority Date: 02/27/2013
• Status: Active Grant

• Current Assignee: LeaseCalcs, Inc.
• Original Assignee: LeaseCalcs, Inc.
• Inventors: Maiona, Marc A.
• Granted Patent: US 9,697,572 B2
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0645 Rental transactions; Leasing transactions
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Lease calculations may be used by commercial real estate brokers, corporate tenants, landlords, financial professionals, financial advisors, accountants and/or the like, to compare financial aspects of one or more leases and/or contracts, determine the impact of new accounting rules on current and/or future leases, comply with current and/or future lease accounting rules, generate financial reports, generate market data comparables, allow clients and users to track, manage and administer lease information and repurpose independent data points to perform one or more of these or other lease calculations or actions.

Claims

1. A system that comprises:

a lease analysis component configured to;

receive at least one lease analysis input data element;

generate at least one lease analysis output element based on the at least one lease analysis input data element; and

provide a lease analysis report including the at least one lease analysis output element to a user via a first user interface; and

a lease accounting component configured to;

receive the at least one lease analysis output element;

receive one or more lease accounting input data elements;

repurpose the at least one lease analysis output element using at least one of the one or more lease accounting input data elements to generate at least one additional lease accounting input element;

generate at least one lease accounting output element automatically, based on the one or more lease accounting input elements and the at least one additional lease accounting input element; and

provide a lease accounting report that includes the at least one lease accounting output element to at least the user via a second user interface.

2. The system of claim 1, wherein the lease accounting component is configured to include in the lease accounting report:

an analysis of at least one lease under a first lease accounting standard and under a second lease accounting standard, the analysis comprising at least one of;

a cash flow analysis, a balance sheet, or a profits and losses accounting impact.

3. The system of claim 2, wherein the lease accounting component is configured to include in the lease accounting report at least one journal entry related to at least one of:

the cash flow analysis, the balance sheet, or the profits and losses accounting impact

4. The system of claim 1, wherein the lease accounting component is configured to include in the lease accounting report:

a comparison between a first lease and a second lease based at least in part on the repurposed at least one lease analysis output element.

5. The system of claim 1, wherein the lease accounting component is configured to include in the lease accounting report:

a financial reporting analysis of a lease that includes one or more of;

effects of one or more first lease accounting rules of the first lease accounting standard on the lease,

effects of one or more second lease accounting rules of the second lease accounting standard on the lease, or

at least one financial reporting requirement associated with the one or more first lease accounting rules or the one or more second lease accounting rules.

6. The system of claim 1, wherein the lease accounting component is further configured to:

link and/or upload at least one of the lease accounting report or the at least one lease accounting output element to an accounting system of the user.

7. The system of claim 1, wherein the lease analysis component and/or the accounting component is further configured to:

receive a representation of an amendment to a lease; and

provide an additional lease analysis report and/or an additional lease accounting report related to the amendment, including information associated with at least one change in the lease analysis and/or the lease accounting of the user, to the user via the second user interface.

8. The system of claim 1, further comprising:

a database, the database configured to;

store data related to a plurality of users in a plurality of respective sub-databases; and

share data related to one user of the plurality of users with other users of the plurality of users;

wherein one or more of the at least one lease analysis output element and the one or more lease accounting input data elements are received from the database.

9. The system of claim 1, wherein the one or more lease accounting input data elements include a user input;

and

wherein the lease accounting report includes information related to the renewal of a lease.

10. The system of claim 1, wherein the one or more lease accounting input data elements include a user input related to a lease accounting standard;

and

wherein the lease accounting report includes information related to a classification of a lease as at least one of;

an operating lease or a capital lease;

or

a “

Type A”

lease or a “

Type B”

lease.

11. A system that comprises:

a lease administration component configured to;

receive at least one of;

at least one lease analysis output element;

at least one lease accounting output element;

or

at least one real estate property lease comparables output element;

receive one or more lease administration input data elements;

repurpose the at least one lease analysis output element, the at least one lease accounting output element, and/or the at least one real estate property lease comparables output element using at least one of the one or more lease administration input data elements to generate at least one additional lease administration input element;

generate at least one lease administration output element automatically, based on the one or more lease administration input elements and the at least one additional lease administration input element; and

provide a lease administration report that includes the at least one lease administration output element to a user via a user interface.

12. The system of claim 11, wherein the at least one lease administration output element includes one or more of:

a lease expiration date, a lease commencement date, a lease option exercise date, renewal options, a lease abstract, a square footage value associated with a lease, historical, current and/or future rent, remaining minimum rent obligations of a lease, termination options, expansion options, insurance requirements, sublease rights, assignment rights, holdover, termination penalties, gain on termination, notice provisions, estoppel requirements, audit rights, purchase options, restoration requirements, refurbishment allowances, standard services, above-standard service charges, and default provisions.

13. The system of claim 11, wherein at least one of the one or more lease administration input data elements is provided by the user via the user interface;

and

wherein the at least one of the one or more lease administration input data elements includes at least one of;

a lease administration policy of the user,

a lease administration procedure of the user,

a lease administration preference of the user, or

user-specified lease administration data.

14. The system of claim 11, further comprising:

a database, the database configured to;

store data related to a plurality of users in a plurality of respective sub-databases; and

share data related to one user of the plurality of users with other users of the plurality of users;

wherein one or more of the at least one lease analysis output element, the one or more lease accounting input data elements, and the at least one real estate property lease comparables output element are received from the database.

15. A system that comprises:

a comparables database configured to store information related to one or more leases of real estate properties; and

a comparables component configured to;

receive one or more of;

at least one lease accounting output element;

at least one lease administration output element; and

at least one lease analysis output element;

receive information related to at least one of the one or more leases of real estate properties stored in the comparables database;

repurpose the one or more of the at least one lease accounting output element, the at least one lease administration output element, and the at least one lease analysis output element to automatically generate at least one comparables input data element;

generate a comparables analysis based on the at least one comparables input data element and the information; and

provide a comparables report based on at least a portion of the comparables analysis to a user via a user interface.

16. The system of claim 15, wherein the comparables component is further configured to:

receive one or more user inputs to generate a report filter; and

filter the comparables analysis according to the report filter prior to providing the comparables report.

17. The system of claim 15, wherein the comparables component is further configured to:

receive one or more user inputs to generate a report filter; and

filter the at least one comparables input data element and the information according to the report filter prior to generating the comparables analysis,

wherein the comparables analysis is generated based on the filtered at least one comparables input data element and the filtered information.

18. The system of claim 15, wherein the comparables database is further configured to:

receive third-party real estate property lease information from one or more third parties; and

store the third-party real estate property lease information as a portion of the information.

19. The system of claim 15, wherein the information includes first information related to a first user and second information related to a second user;

wherein the at least one lease analysis output element, the at least one lease accounting output element, or the at least one lease administration output element includes lease analysis data, lease accounting data, or lease administration data related to the first user and lease analysis data, lease accounting data, or lease administration data related to the second user; and

wherein the comparables report is provided to the first user via the user interface.

20. The system of claim 19, wherein the comparables component is further configured to provide, in the comparables report, at least one of:

a comparison between a real estate property lease associated with the first user and at least one real estate property lease associated with each of one or more other users not affiliated with the first user;

or

a benchmark data report that includes an aggregated comparison between a plurality of leases for real estate properties associated with the first user and a plurality of leases for real estate properties associated with the one or more other users not affiliated with the first user.