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- 13 Mar 2024, 10:20
- Forum: IFRS-related topics
- Topic: IFRS 16 Lease Term - lessor notice period
- Replies: 1
- Views: 303
IFRS 16 Lease Term - lessor notice period
Hi all, When assessing the lease term under IFRS 16, if both the lessee and lessor have a '3 months at any time' notice period to cancel the lease, does this mean the enforceable period is only 3 months? As after this period the enforceable rights and obligations for both parties no longer exist? (p...