Visual Lease is an enterprise lease management and accounting platform with 25+ years of experience, recently acquired by CoStar Group. It provides end-to-end lease lifecycle management — from acquisition to termination — combined with robust lease accounting compliance for ASC 842, IFRS 16, and GASB 87. VL serves Fortune 500 companies and large enterprises, unifying real estate, finance, procurement, and legal teams around centralized lease data. With AI-supported tools for data extraction, it manages millions of lease records across its customer base with 97%+ customer retention.
✓ Pros
✓25+ years of lease management expertise — deepest domain knowledge in the market
✓97%+ customer retention — customers stay and grow
✓Recently acquired by CoStar Group — strong backing and integration potential
✓Purpose-built controls for SOX compliance and multi-team collaboration
✓Handles both real estate and equipment leases in one platform
✗ Cons
✗Enterprise pricing only — not suitable for small businesses
✗Implementation can be lengthy for complex global portfolios
✗UI modernization is ongoing — some screens feel dated
✗CoStar acquisition may change pricing and product direction
Visual Lease Features
✦ Lifecycle ManagementManage leases from acquisition to termination with automated workflows and renewals.
✦ Critical Date AlertsAutomated notifications for lease expirations, options, and renewal deadlines.
✦ Portfolio DashboardCentralized view of entire lease portfolio with key metrics and real-time insights.
✦ Clause LibraryStandardized lease clause templates for consistent lease negotiation.
✦ ASC 842 / IFRS 16 / GASB 87Full compliance automation for all major lease accounting standards.