Tenant improvement allowances are common in commercial leases, especially when a tenant needs to customize a space before moving in. For landlords, these allowances can help attract quality tenants, reduce…
Initial direct costs play an important role in lease accounting under ASC 842. These costs can affect the initial measurement of a lease, the right-of-use asset and how lease-related expenses…
Inaccurate lease accounting can lead to a host of problems for an organization, such as wasting time and resources and a failed audit. One of the key areas auditors review…
What are rent concessions? Rent concessions are discounts, incentives, or other benefits provided by landlords to tenants. Landlords sometimes offer rent concessions to entice tenants to sign a new lease…
If you have signed an operating lease for space, built leasehold improvements and agreed to remove those improvements at the end of the lease term, you may have an…
Commercial leases have a lifecycle that stretches far beyond the initial agreement, but that’s especially true in retail, where lease terms directly shape occupancy costs, store performance, and portfolio…
With more and more organizations focusing on ESG initiatives, we’ll use this blog to demystify what ESG is, why organizations choose to focus efforts on ESG related initiatives, and how…
