Nareit Recommends IASB Expand Accounting Relief for COVID-19-Related Rent Concessions to Lessors

In response to the global COVID-19 pandemic, the IASB proposed accounting relief for rent concessions for lessees only. Nareit recommended that the IASB extend the accounting relief to include lessors as well. Nareit cited the operational complexity of reviewing lease contracts for force majeure or similar clauses in a relatively short period of time for purposes of evaluating the proper accounting treatment.

(Contact: Chris Drula at

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