Real Property / Leases / Lease Portfolio / Extension for Lease Accounting
Defining Buildings for which you Track Leases
Before you can track your real property leases, you must define the buildings to which they apply.
Uses the Real Property / Portfolio / Background Data / Define Locations task to enter building information. For details, see Defining Locations (Sites, Buildings, Floors.
Be sure to complete:
- Building Code
- Building Age
- Date Built
- Building Value -- Enter the fair market value of the building only; do not include the value of the land on which it is located.