The rapid advancement of artificial intelligence (AI) is revolutionising numerous industries, and property management is no exception. One of the most promising innovations in this field is the integration of voice commands with AI-powered negotiation tools.
Rent reviews based on the Consumer Price Index (CPI) are common in commercial leases. However, the specific CPI reference and timing can significantly impact the calculated rent adjustments.
Commercial and retail leasing has grown exponentially in complexity as the business world has changed dramatically in recent years. Due to three main drivers, managing leases from a lessee’s perspective has become impossible with simple spreadsheets.
New AASB 1060 standards were issued in March 2020 by the Australian Accounting Standards Board (AASB) to come into effect from periods beginning on or after 1 July 2021 (years ending 30 June 2022 and onwards).
