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As the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards, is set to come into effect, it is going to potentially change financial reporting standards. Real estate companies will be required to capitalize their property and equipment leases shifting the way commercial property leases are managed and negotiated.
As commercial real estate looks optimistic, the property managers have a humongous work cut out for them. Commercial property management encompasses a range of demanding activities on