What to Know Before Subleasing Your Commercial Space
It is not uncommon for tenants to need to sublease their space. Here are six items to consider when subleasing space.
Effect of COVID-19 Rent Concessions on ASC 842
As a result of the COVID-19 pandemic, many companies have negotiated rent deferrals with their landlord. Under a normal environment, ASC 842 would require a remeasurement of the right of use asset and lease liability. Of course, this is not a normal environment.
Share This With Your Property Manager and Get Your 2021 Budget Right
Under normal circumstances, a 2-4% increase in operating expenses could be expected. However, in our current COVID-19 environment where businesses are struggling to control costs, properties should be looking to keep CAM budgets flat for the upcoming year.