What's new in April: stepped rent, transition disclosures, sharper AI

Stepped rent now anchored to your exact tier dates

When a lease has multiple rent tiers (e.g. £1,000/month for years 1–2, then £1,200/month thereafter), Lease102 now anchors the XNPV and amortization payments to the specific tier transition dates rather than approximating with calendar boundaries. The result: interest expense and depreciation align cleanly with how each rent step actually flows.

In practice:

• The discount rate applies on the exact cash-flow date of each rent
• Year-1 helper amounts use the stepped schedule, not a flat-rate average
• Transition opening balances on stepped-rent leases reconcile to the new tier-anchored numbers

Period 0 disclosure for the FRS 102 transition

The amortization timeline now produces a dedicated Period 0 row capturing on-transition state: opening lease liability, ROU asset, accumulated depreciation, and the transition adjustment to retained earnings. Your FRS 102.1.47 and 1.51 transition figures are now a copy-paste away.

Self-healing transitions

When a lease's inputs change (rent schedule, discount rate, term), opening it now refreshes the calculated columns automatically – no manual "Refresh" click needed. We keep the audit updated_at stable on these passive recalculations so genuine edits stay distinguishable from downstream recomputes.

Sharper AI document extraction

Our PDF and Excel lease-extraction pipeline now runs on Anthropic's latest Claude Opus model with extended-thinking validation. Expect noticeably better accuracy on dense schedules, especially around indexation clauses and break options.

Smaller polish

• Amortization export: cleaner column labels, more accurate status badges on import-rejection rows
• Snappier idle response times after a quiet workspace wakes back up
• A range of UX touch-ups across the dashboard