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Eight Things You Need to Know About the New Lease Accounting Rules (from Commercial Tenant's Lease Insider)
By Glenn S. Demby, Esq.
You don’t need us to tell you that big changes in lease accounting rules are afoot. And if you’re looking for technical analysis of the new rules, you’ll find tons of it online. The problem is that without an accounting background, you’ll have a hard time digesting it. And what you won’t find on the Internet is a plain English explanation for non-accountants. So we decided to create one. Here are the eight things that tenants of commercial real estate need to know about the proposed new accounting rules and their impact on leasing.