Let's Reconnect, thank you for making 2022 our best year yet.

Look Back
Best way to deal with 'Make Good Provision' for property leases? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Best way to deal with 'Make Good Provision' for property leases?

Received Response
4
Views
2
Comments

Summary:

We are implementing the Lease Accounting module and wondering how other customers have found is best to manage accounting for the make good provision on property leases? Have located MOS note: Lease Accounting Restoration Obligation (Doc ID 2858429.1). Has anyone found any issues with doing it this way?

Content (required):

Basically its a provision on the lease to return the property to its original state at the closure of the lease, which may or may not need to be used and doesn't always constitute a payment to the lessor to 'make good' on our behalf. This is the advice we have been given, which I am looking to confirm from customer experience (we are in NZ).

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!