Lease Accounting for Real Estate and Equipment

Zuva allows our users to adapt to changes in accounting standards, including the new lease accounting standards under IFRS 16 and ASC 842 as well as confirm the accuracy of financial statements.

The smart fields in these two related field groups are optimized for use on real estate leases and equipment (and other non-real estate) leases.

In addition to common fields such as, title, parties and date, the 96 fields included in these groups include (but are not limited to):

  • Base Rent
  • Inflation/Index Rent Adjustment — Lease Accounting
  • Purchase Option — Lease Accounting
  • Liability on Termination — Lease Accounting
  • Reimbursement — Lease Accounting
  • Right of Substitution/Relocation — Lease Accounting

The 4 answers smart fields in this group include (but are not limited to) the following:

  • Does the lease contain a purchase option in favour of Tenant/Lessee?
  • Does the lease contain a purchase ROFO/ROFR?

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