Lease modification assessment
Focused review of rent restructures, concessions still unwinding, and partial terminations under HKFRS 16.
Purpose
Decide whether a rent change is a modification, a reassessment, or a variable payment — and document why. Useful when landlords have restructured floors, when COVID-era concessions still affect amortisation, or when a fit-out contribution alters the liability.
Included
- Contract and side-letter reading
- Accounting treatment memo with alternatives considered
- Illustrative journals and disclosure wording
- Briefing call with your finance lead
Next step
Send the modification pack — agreements, side letters, and current liability extracts.
Ready to discuss this engagement?
Share your lease count, reporting framework, and year-end date. We reply within two business days.
Request a scoping call