Lease accounting and analysis simplified.

COVID-19,
Rent Concessions and
Lease Accounting

Want to see how LeaseCalcs can prevent your lease accounting from getting infected?

COVID-19 related rent concessions take many forms, but recent guidance from the FASB & IASB oversimplifies the scenarios. These six real world scenarios are what every tenant and lessee will need to know to comply with the new COVID-19 guidance from the FASB and IASB:

Pure rent abatement / forgiveness.

Rent deferral, with the rent to be repaid later with no other change to the lease.

Withholding of rent. Not a deferral, but an unilateral decision to preserve cash.

Rent abatement or deferral, but with a contraction in leased premises or assets.

Rent abatement or deferral, but with a lease modification to early terminate the lease.

Rent abatement or deferral, but with an extension of the term and/or expansion of premises / assets under lease.

Every rent concession is different, hence the accounting is different.
If you want to get the accounting right, download LeaseCalcs' definitive guide to understand your options.

Lease accounting and analysis simplified.

COVID-19, Rent Concessions andLease Accounting

Want to see how LeaseCalcs can prevent your lease accounting from getting infected?

Every rent concession is different, hence the accounting is different.If you want to get the accounting right, download LeaseCalcs' definitive guide to understand your options.

COVID-19,
Rent Concessions and
Lease Accounting

Every rent concession is different, hence the accounting is different.
If you want to get the accounting right, download LeaseCalcs' definitive guide to understand your options.