In August 2010, the Financial Accounting Standards Board, or FASB, released a draft of what companies may be required to do to comply with new accounting standards and how those changes are going to impact companies that lease real estate, whether it be office, industrial or retail. This new standard will apply to all companies, big or small, private or public, that lease any type of commercial real estate.
What does that mean to you as a commercial tenant? How do you best prepare for these possible changes? What professional resources do you have available to better understand the impact to you, the business owner, the impact on your relationship with the credit markets and lenders, and its impact on the profitability of your firm in the future?
Watch this informative video to learn how these changes could impact your business and contact ProTenant to get a prepare for these changes.