ASC 840: Pandemic lease concessions
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ASC 840: Pandemic lease concessions

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The COVID-19 pandemic caused widespread closure of businesses with near nationwide stay-at-home orders. As a result, many businesses that depend on customer traffic suffered massive revenue shortfalls. For many of these businesses, rent expense is a significant fixed operating expense.

Many lessees have negotiated lease concessions which include rent deferrals and rent forgiveness. Other lessees have stopped paying rent asserting force majeure or other clauses while continuing to negotiate with lessors. In this report, we will focus exclusively on FASB

Download the ASC 840 Pandemic lease concessions report

File name: CPEA-leases-concession-covid.pdf

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