Tomorrow’s webinar will explore the underlying theory behind the proposed FASB changes. IFMA, a professional association for facility management professionals, and KBA Lease Services, a nationwide lease auditing firm, will outline the potential ramifications and offer advice as to best prepare for the impact. Topics Include: Why the Changes Were Proposed What Will Change [...]
Tags: FASB, IASB, Lease Accounting, Lease Audit, Marc Betesh, Press Release
Marc Betesh sits down with “Retail Traffic” to discuss CAM Charges, Lease Audits and the New FASB Rules for Lease Accounting
Tags: CAM, FASB, Lease Audit, Marc Betesh, Retail
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
After receiving excellent reviews from the last CoreNet Global Summit, Marc E. Betesh, President of KBA Lease Services and Michael E. Meyer, Managing Partner of DLA Piper will be speaking again at the CoreNet Global Summit.
Tags: BOMA, CoreNet, Lease Audit, Marc Betesh, Michael Meyer, Speaking
Landlords are devoting more time and professional resources to increase revenue. As evidence of this, landlord-oriented articles are appearing in various publications suggesting how to uncover hidden income from tenants through greater attention to tenant pass-throughs. Now more than ever, tenants should be reviewing their leases and bills to make sure they do not contain overcharges or errors. Here are 6 reasons why tenants should increase their vigilance with respect to operating expenses and other pass-through charges.
Tags: Commercial Real Estate Investment Magazine, CPA Certification, Landlord, Lease Audit, Operating Expenses, Pass-throughs, Real Estate Tax
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Tags: Alliance Partner, Lease Audit, PRG-Schultz, PRGX, Profit Recovery
KBA Lease Services is now on Twitter. You can now follow us at @LeaseAudit. Check in with us often as we tweet about lease auditing, occupancy cost reduction, lease negotiation, relevant links and industry news. Please sign on and follow us and we will be sure to follow you.
Tags: Lease Audit, Twitter
Most leases require the tenant to bring errors to the landlord’s attention in order to receive rent adjustments. In fact, if the tenant does not do so, it is deemed to accept the bill as rendered and the landlord may keep any overcharges. Therefore, the timing of a lease audit can determine if a landlord [...]
Tags: Lease Audit, Timing
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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?
