Balance-sheet asset representing the tenant's right to use leased space.

Balance-sheet asset representing the tenant's right to use leased space.
Recognised under IFRS 16 / ASC 842 at lease commencement.

Right-of-use asset (ROU)

Accounting · Global

Short definition

Balance-sheet asset representing the tenant's right to use leased space.

Full definition

Recognised under IFRS 16 / ASC 842 at lease commencement. Equals the lease liability plus any prepaid rent, minus any lease incentives received. Amortised over the lease term.

Why this matters for Class A leasing

Right-of-use asset (ROU) is part of the accounting vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

Balance-sheet asset representing the tenant's right to use leased space.

Balance-sheet asset representing the tenant's right to use leased space.
Recognised under IFRS 16 / ASC 842 at lease commencement.

Right-of-use asset (ROU)

Accounting · Global

Short definition

Balance-sheet asset representing the tenant's right to use leased space.

Full definition

Recognised under IFRS 16 / ASC 842 at lease commencement. Equals the lease liability plus any prepaid rent, minus any lease incentives received. Amortised over the lease term.

Why this matters for Class A leasing

Right-of-use asset (ROU) is part of the accounting vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.