Leasecake Lease Administration Software

Understanding Leasecake: From Simple Tracking to Smarter Lease Administration

1. What is Leasecake?

Leasecake is a modern, cloud-based lease administration platform designed primarily for tenants, especially those operating in franchise, retail, healthcare, and multi-unit business environments. It simplifies lease management by offering a user-friendly interface and automated reminders for critical lease obligations.

2. What are the key features of Leasecake?

Leasecake focuses on making lease management “as easy as cake.” Its core features include:

• Centralized lease and location data
• Automated alerts for critical dates (renewals, expirations, rent hikes)
• Collaboration tools for internal teams
• Mobile access for on-the-go updates
• Basic financial tracking and reporting
• Document storage and version tracking

3. Who uses Leasecake?

Leasecake is ideal for small to mid-sized businesses, especially those with multiple physical locations. Users typically include operations managers, real estate teams, finance departments, and business owners who need a simple, streamlined lease management tool.

4. How is Leasecake different from other lease administration software?

Leasecake stands out for its simplicity and accessibility. Unlike more complex platforms, Leasecake is designed for ease of use, making it ideal for businesses without large, dedicated lease administration teams. It provides a clean, mobile-friendly experience without the learning curve of enterprise systems.

5. Does Leasecake support lease accounting standards like ASC 842?

Leasecake is primarily a lease administration tool, not a full lease accounting solution. While it provides visibility into lease obligations, organizations that need ASC 842, IFRS 16, or GASB 87 compliance typically use Leasecake alongside an accounting-specific platform or service.

6. Can Leasecake integrate with other business tools?

Leasecake offers basic integration capabilities and continues to expand its API offerings. Users can export data for use in accounting or analytics systems, but deep ERP integrations are typically more limited compared to enterprise-grade platforms.

7. Is Leasecake a cloud-based solution?

Yes, Leasecake is fully cloud-based and optimized for mobile access. Its mobile-first design ensures that users can view and manage leases from any device, anywhere.

8. What types of leases does Leasecake support?

Leasecake is primarily built for real estate leases—retail stores, restaurants, offices, and healthcare locations. It may not support equipment leases or complex multi-asset tracking as comprehensively as other platforms.

9. How is lease data entered into Leasecake?

Users can manually upload lease data or work with service providers to abstract and enter data into Leasecake. The platform supports attachments, notes, and easy updating of key fields.

10. Does Leasecake support CAM reconciliation?

Leasecake allows users to store and track CAM-related clauses, but it does not have a built-in CAM reconciliation engine. Businesses often rely on external experts or internal teams to handle the reconciliation process using data managed in Leasecake.

Learn how RE BackOffice can support you with ongoing lease administration in Leasecake.

Contact us today!