Early lease terminations, reduced payments and subleases

As entities continue to navigate the current economic conditions, they are looking to contain costs. As part of this movement, many lessees are considering making changes to their leases by various methods including, but not limited to:

• Terminating leases early, either through full or partial terminations
• Negotiating reduced lease payments
• Subleasing space

This article discusses the accounting for each of these methods.

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