About Lease Accounting

Lease Accounting Software by CoStar helps enterprises analyze and categorize leases to streamline processes related to new lease accounting, rent obligations, percentage calculations, taxes indexing, adjustment and more. The platform includes a data import tool, which enables businesses to migrate data, create amortization schedules and receive notifications for renewals or status updates.

Lease Accounting Software comes with a data management functionality, which lets users manage real estate equipment/assets, accounting workflow and audit trail. The solution offers a host of features such as customizable charges, multi-currency conversion, planned rent revision, account receivables, reminders and more. Additionally, the rent calculation module facilitates a...


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Supported Operating System(s):

Web browser (OS agnostic)

14 Reviews of Lease Accounting

Average User Ratings

Overall

3.86 / 5 stars

Ease-of-use

4.0

Value for money

3.5

Customer support

4.0

Functionality

4.0

Ratings Snapshot

5 stars

(5)

5

4 stars

(6)

6

3 stars

(1)

1

2 stars

(0)

0

1 stars

(2)

2

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 14 results

November 2018

Alesa from Embree Group of Companies

Company Size: 51-200 employees

Industry: Commercial Real Estate

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

5.0

November 2018

Costar - Great Customer Support

It has been great - love that if I have a question the Costar team will answer quickly and even stop by the office to help with any issues I am having. They are great at keeping us up to date on all the latest additions to the software.

Pros

Love that you can quickly get all listings of for lease or for sale property in a city or a trade area or a polygon that you create yourself.

Cons

So many different tools in Costar, I am sure I am not utilizing the software to its fullest potential.

December 2019

Michele from Keller Williams Realty

Company Size: 2-10 employees

Industry: Real Estate

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

December 2019

Use it to Get your Money's Worth

Since it is so expensive you have to use it to get you money's worth. Use the data, the market report generations and leverage that in your business. If you use that, you will have a good experience.

Pros

CoStar has so many different features that it offers. It really is the one stop shop that you need when working in commercial real estate. I like how you can search CRE data, create market stats, and market your listings all in one spot.

Cons

What I like least about CoStar is the price tag. It is expensive, but the data and the support you get from it outweighs the cost.

September 2016

Matt from Home Depot

Company Size: 10,000+ employees

Industry: Retail

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

September 2016

Best All-Around Choice for Lease Accounting and Real Estate Management

What stands out for me about the CoStar system is it's a system that's been around for a long time and it was designed to meet the needs of accounting departments. CoStar, when I compare to other systems that I've used or systems that I've seen, it has an advantage of being very intuitive.

Pros

By having a system like CoStar, where you can drive business results and meet the new accounting requirements, I think it's a much easier sell across your business. While there are plenty of choices in the marketplace, I think it's the best all-around choice.

Cons

None that I can think of.

Response from CoStar Real Estate Manager

Replied September 2016

Thanks, Matt! We've enjoyed working with you to solve the challenges of lease accounting compliance.

August 2019

Anonymous

Verified Reviewer

Company Size: 5,001-10,000 employees

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

3.0

Functionality

4.0

August 2019

Up to the Users to Update Listings

I don't know what other software is like this one. Everyone uses this software so it's hard to switch to something that no one knows about. Overall, it gets the job done

Pros

I love how you can find every single commercial property on here. it's concise and you can find out what you want to find out (usually). When managing your listings, you can see a performance report which is the greatest thing about this.

Cons

Brokers don't always update the listings or they purposely leave off information. Cold calling is still a thing with this software, it just gives you a base and a prep before your call in my opinion.

February 2019

Carly from 3gp

Company Size: 51-200 employees

Industry: Real Estate

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Functionality

4.0

February 2019

Overall Great Product for anyone on real estate

Pros

This product is great for researching properties in underwriting or for real estate purposes. Gives you detailed info on past sales, property values, demographics, pricing, competitors, etc.

Cons

Sometimes question the accuracy of data even though it is supposed to be update regularly. Not necessarily the company's fault, some properties give out false information.