# Lease liability

> Balance-sheet liability for the present value of future lease payments.

**Canonical URL:** https://classa.info/glossary/lease-liability
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Balance-sheet liability for the present value of future lease payments.
- Recognised under IFRS 16 / ASC 842.

## Key facts
- **category**: Accounting
- **regionScope**: Global

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Citation: Source: Class A Atlas (https://classa.info/glossary/lease-liability), updated 2026-04-01T00:00:00.000Z.