Key Takeaways What CAM Charges Are: Common Area Maintenance (CAM) charges cover shared property expenses like lobbies, hallways, parking lots, landscaping, and utilities. CAM fees are the actual amounts tenants…
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The Visual Lease blog
A finance lease (formerly capital lease) transfers ownership risks and rewards to the lessee, with expenses recognized separately as asset amortization and interest. An operating lease involves no ownership transfer,...
Read MoreLease subleasing might seem like a niche topic, relevant only to companies deeply entrenched in real estate dealings. However, it impacts more businesses than one might think. Whether you're a...
Read MoreThe old lease standard, ASC 840, did not require all kinds of leases to be recorded on the balance sheet, which in turn provided the opportunity for many to use...
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Depreciation allows organizations to allocate the cost of tangible assets over their useful life. This process is critical because it affects financial statements, impacts tax reporting, and ensures compliance with...
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When ASC 842 and IFRS 16 were first announced, there was quite a bit of uncertainty about how the accounting would work for variable rent leases. Large public companies found...
Read MoreNavigating the world of lease accounting can sometimes feel like deciphering a complex code. The terms, regulations, and methodologies can leave even the savviest professionals scratching their heads. One such…
Until recently, many companies were not paying much attention to their property and asset leases beyond paying the bills. Leases were simply considered a cost of doing business, and managing...
Read MoreWe’re diving into the intricacies of GASB 96, a significant standard that government entities need to adopt, now that following the implementation of GASB 87 has been rolling out for...
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