Gross-ups are adjustments to building expenses that are made when such expenses are below normal levels because of building vacancies and other factors.
Tags: Gross Up, Grossing Up, Operating Expenses
The commercial real estate industry is abuzz with the proposed changes to lease accounting under generally accepted accounting principles (GAAP). Why the Changes? The FASB and IASB are trying to eliminate a “form over substance” distinction in GAAP accounting that has led to confusion and potential misuse in financial statements. The Proposal will require significant adjustments to the treatment of Gross and Modified Gross leases, which constitute the majority of commercial office leases in the U.S.
Tags: FASB, Gross Up, Lease Accounting, Lease Audit
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It’s My Mistake, But You Fix It!Video: Andrew Zezas Interview of Marc Betesh regarding FASB Lease Accounting ChangesFASB Update: Lease Accounting Changes Further DelayedGrossing Up Operating Expenses in Commercial Leases
How can the timing of my lease audit affect the results?Do I have the right to audit my lease?What can be wrong with my bills?How will auditing my lease affect my relationship with my landlord?
