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Commercial Real Estate Leases and Accounting Rules: A New Regulatory Regime

Manage lease changes all while controlling costs and protecting against ungoverned billing practices.

Attorneys spend tremendous resources helping tenants protect themselves during the lease drafting and negotiation process. What you might not know is what happens when the deal is done and the attorneys are no longer present. This topic will focus on new developments in lease accounting, the impact these changes will have on leasing and, more specifically, how rent-related obligations are structured and operate in the real world. It will demystify the difference between gross and net leases, and the new relevance in the variations in these types of clauses. It will also show how tenants and their representatives can help manage these changes while controlling costs and protecting against ungoverned billing practices.

Runtime: 90 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Commercial Real Estate Lease Structures

  • Intro: Philosophy of Leasing in General
    • What's About to Change With FASB's New Take on Lease Accounting
    • Gross vs. Net Leases
  • Operating Expense Lease Language
    • Inclusions vs. Exclusions
    • Share of Expenses
    • Operating Expenses vs. CAM
  • Capital Expenditures
    • What Is Capital?
    • Typically Allowed Capital
    • GAAP Definition Driven by "Repair"
  • How to Secure These Hard Fought Provisions
    • Lease Audit Rights

FASB Topic 842 Lease Accounting Changes

  • Genesis and Purpose of the Changes
  • Scope
    • All Leases
  • How Changes May Impact Commercial Leasing
    • Lease vs. Buy
    • Type of Lease Preference
    • Length of Lease
    • How to Segregate Costs
    • Compliance Processes for Leasing, Accounting and Reporting
  • How to Help Clients Prepare With Technology
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 5, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401281
Published 2017
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