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  • 9 minutes

FASB Lease Accounting Changes: How Should Lease Forms Change In Response?

 

What are the anticipated changes in leasing behavior?

As the financial influence over real estate increases over time the industry will start to see big drivers in real estate departments that are traditionally left on their own. There will be clearer identification inside leases. There is also movement afoot to standardize leases and, similar to the insurance industry, have a boilerplate lease with a declaration sheet that identifies all of the business terms. This video reviews the potential changes to lease forms and offers strategic planning tips in light of the new standard.

Runtime: 9 minutes
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Agenda

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Faculty

Marc E. Betesh, Esq., MCR.h

Marc E. Betesh, Esq., MCR.h

Visual Lease

  • Founder and President, Visual Lease -KBA Lease Services, a consulting company that pioneered and leads the field of auditing real estate leases for commercial tenants
  • Founder and President, Visual Lease, SaaS technology company focused on lease administration and lease accounting
  • Member of CoreNet, ICSC, Association of the Bar of the City of New York, New York State and American Bar Associations
  • Consistently ranked among the Top-Rated Faculty at CoreNet Global Learning
  • Frequent lecturer on lease topics at New York University‚Äôs Real Estate Institute, Practicing Law Institute, Association of the Bar of the City of New York, ACREL, Lorman Education, New York State Society of CPAs, National Retail Tenants Association, ICSC and the Institute of Internal Auditors
  • Author of numerous articles regarding commercial leases, operating expense/CAM clauses and lease accounting
  • Contributor and authority on the FASB changes to lease accounting
  • J.D. degree, Georgetown University Law Center; B.A. degree, Temple University
  • Can be contacted at 732-596-8111, [email protected], or www.visuallease.com
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