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Maximum number of amendments on a single lease

in Lease Accounting 2 comments

Summary:

What is the maximum number of allowable amendments on a single lease?

Content (please ensure you mask any confidential information):

We have an existing lease that will span 10+ years. Each day/week we are adding new assets to the lease with distinct amortization start dates. As a result, a new amendment is required each day we want a separate amortization start date. This design limitation will lead us to have hundreds of lease amendments on this lease, possible up to a thousand lease amendments. Will OFLA support this many amendments on a single lease?

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