Accrued (Deferred) Rent balances for ASC 842 compliance
For transition, how will Property Manager handle the accrued (deferred) rent balances to be combine with the ROU asset.
Will Property Manager take the balances at transition date and put in a payment term in the lease to amortize or is a manual process required to update the lease with the deferred rent balance.
If a manual process is required, are we able to use an API to update all leases at one time or will we have to update each lease individually.
Thank You
Richard