{"id":5441,"date":"2024-08-28T14:53:24","date_gmt":"2024-08-28T18:53:24","guid":{"rendered":"https:\/\/visuallease.com\/?p=5441"},"modified":"2024-10-08T16:34:14","modified_gmt":"2024-10-08T20:34:14","slug":"how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications","status":"publish","type":"post","link":"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/","title":{"rendered":"Rent Concessions Under ASC 842: Abatements, Deferrals, &#038; Other Modifications"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#What_are_rent_concessions\" >What are rent concessions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#What_are_some_common_rent_concessions\" >What are some common rent concessions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#What_is_rent_abatement\" >What is rent abatement?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Rent_Deferral\" >Rent Deferral<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Short_Payments\" >Short Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Lease_Impairment\" >Lease Impairment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Early_Terminations\" >Early Terminations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#What_are_best_practices_for_handling_rent_concessions\" >What are best practices for handling rent concessions?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Treat_similar_leases_the_same_way\" >Treat similar leases the same way.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#There_is_some_flexibility_in_lease_abatement_accounting\" >There is some flexibility in lease abatement accounting.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Think_ahead_when_planning_for_deferred_lease_payments\" >Think ahead when planning for deferred lease payments.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Be_sure_to_provide_disclosures\" >Be sure to provide disclosures.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Accounting_for_Rent_Abatement_Under_ASC_842\" >Accounting for Rent Abatement Under ASC 842<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/visuallease.com\/how-to-handle-lease-concessions-deferrals-abatements-and-other-modifications\/#Financial_statement_impact_of_lease_abatement_under_ASC_842\" >Financial statement impact of lease abatement under ASC 842<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"wp-image-5442 aligncenter\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-300x200.jpg\" alt=\"\" width=\"845\" height=\"563\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-300x200.jpg 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-1024x683.jpg 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-768x513.jpg 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-1536x1025.jpg 1536w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-2048x1367.jpg 2048w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/01\/man-wearing-white-long-sleeved-shirt-holding-black-pen-3182781-900x600.jpg 900w\" sizes=\"(max-width: 845px) 100vw, 845px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_rent_concessions\"><\/span>What are rent concessions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rent concessions are discounts, incentives, or other benefits provided by landlords to tenants. Landlords sometimes offer rent concessions to entice tenants to sign a new lease \u2014 or concessions may come up as part of <a href=\"https:\/\/engage.visuallease.com\/whitepaper-a-complete-guide-for-lease-negotiations\">lease negotiations<\/a>. For instance, due to the impact COVID-19 had on businesses, many companies asked for concessions from their landlords in 2020 to ease costs related to real estate leases.<\/p>\n<p>Under the <a href=\"https:\/\/visuallease.com\/compliance\/\" target=\"_blank\" rel=\"noopener\">lease accounting standards<\/a>, any lease concession must be captured and accounted for on the balance sheet. While FASB and IFRS offer some flexibility in how to account for rent concessions, including rent abatements and <a href=\"https:\/\/visuallease.com\/deferred-rent-accounting-101-for-asc-842-and-asc-840\/\" target=\"_blank\" rel=\"noopener\">deferrals<\/a>, their unpredictable naturepresentsan ongoing challenge to lease accounting and compliance.<\/p>\n<p>In this blog, we identify some common lease concessions and offer some helpful advice for handling them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_some_common_rent_concessions\"><\/span>What are some common rent concessions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some common types of rent concessions include abatements (temporary rent waivers), deferrals (postponed payments), short pays (reduced payments for a period), impairments (reduction in the lease\u2019s value), and early terminations (allowing tenants to exit the lease early). Each type serves different purposes and can have a large impact on lease accounting and financial reporting under ASC 842.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_rent_abatement\"><\/span>What is rent abatement?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rent <b>abatement<\/b>is a temporary decrease in the rental rate. When this option is elected, a landlord and <a href=\"https:\/\/visuallease.com\/lessee-vs-tenant-demystifying-the-difference\/\">tenant<\/a> often negotiate a short-term abatement so that the payment reduction applies for a defined period, such as three or six months.<\/p>\n<p>Therefore, a rent abatement typically changes the total amount of rent the tenant will pay over the full lease term.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rent_Deferral\"><\/span>Rent Deferral<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Rent <b>deferral<\/b>is a temporary reduction in rent that requires repayment of the balance later. This does not change the total amount of the payments the tenant will make but defers the timing of the payments.<\/p>\n<p>Landlords may be more willing to work with tenants on a rent deferral than an abatement. However, they may agree to an abatement in exchange for some trade-off of rights and obligations, such as extending the lease term.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Short_Payments\"><\/span>Short Payments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A<b>short pay<\/b>is a<b>partial payment<\/b>. A landlord might agree to accept a short pay until the tenant can repay the remaining amount of the lease payments.<\/p>\n<p>A short or partial payment results in a liability.In addition, since a short pay is considered a late payment (even if it is paid on time), it may be subject to late fees unless both parties agree otherwise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lease_Impairment\"><\/span>Lease Impairment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An<b>impairment<\/b>is when the current value of a leased asset (such as real estate, vehicles, or equipment) is lower than the balance due according to the lease. The result is the impairment of the <a href=\"https:\/\/visuallease.com\/guide-to-right-of-use-assets-and-lease-liabilities-under-asc-842\/\" target=\"_blank\" rel=\"noopener\">ROU asset<\/a>, which may require a different <a href=\"https:\/\/visuallease.com\/how-to-calculate-a-lease-amortization-schedule-a-comprehensive-guide\/\" target=\"_blank\" rel=\"noopener\">amortization calculation<\/a> for <a href=\"https:\/\/visuallease.com\/finance-leases-vs-operating-leases-understanding-the-differences-and-asc-842\/\" target=\"_blank\" rel=\"noopener\">operating leases<\/a>.<\/p>\n<p>From the lease holder\u2019s point of view, assets may be impaired if the demand for those assets decreases or if rental rates drop significantly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Early_Terminations\"><\/span>Early Terminations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An<b>early termination<\/b>is when a tenant decides to end a lease before its expiration date. But unless a lease includes an early termination clause, companies face serious repercussions when they terminate a commercial lease early.<\/p>\n<p>For instance, if a company decides to terminate a lease early, it may still have to pay some or all the rent due through the end of the lease term. In addition, the landlord might sue for monetary damages.<\/p>\n<p>Even if a lease does include an early termination clause, it generally imposes a termination fee and may include some restrictions or other reimbursements to the landlord.<\/p>\n<p>(Learn more about<a href=\"https:\/\/visuallease.com\/covid-19-and-lease-accounting-understanding-your-lease-obligations-and-costs\/\">the costs of early terminations and other lease obligations<\/a>.)<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_best_practices_for_handling_rent_concessions\"><\/span><b>What are best practices for handling rent concessions? <\/b> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 ><span class=\"ez-toc-section\" id=\"Treat_similar_leases_the_same_way\"><\/span><b>Treat similar leases the same way.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Both FASB and IFRS allow you to choose to treat all rent concessions as either <a href=\"https:\/\/visuallease.com\/best-practices-for-variable-rent-leases\/\" target=\"_blank\" rel=\"noopener\">variable payments<\/a> or a <a href=\"https:\/\/visuallease.com\/lease-modification-accounting-under-the-new-standards\/\" target=\"_blank\" rel=\"noopener\">lease modification<\/a>. This means you can treat similar leases the same way.<\/p>\n<p>In other words, you do not have to comb through the terms of every contract to determine whether it meets the guidance for a lease modification or a variable payment treatment.This is a<a href=\"https:\/\/visuallease.com\/asc-842-practical-expedients-and-transition-requirements\/\"><b>practical expedient<\/b><\/a>that saves time and simplifies decision-making.<\/p>\n<p>There are two important things to keep in mind:<\/p>\n<ol>\n<li>You should disclose that you elected to treat similar leases the same way, as well as the treatment you chose to apply to lease concessions \u2014 variable payment vs. lease modification. (See more on<i>disclosures<\/i>below.)<\/li>\n<li>If a deferral,abatementor other concession requires you to exercise a renewal option that results in a significant change, you may have to account for the concession as a modification.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"There_is_some_flexibility_in_lease_abatement_accounting\"><\/span>There is some flexibility in lease abatement accounting.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Both FASB and IASB allow you to treat rent abatements as either existing lease obligations or as negotiated modifications to the lease terms. However, if the lease concession materially increases the landlord\u2019s rights or the tenant\u2019s obligations, it must be treated as a modification.<\/p>\n<ul>\n<li>If an abatement is considered a<b>variable lease payment<\/b>, no remeasurement is required and the abatement flows through to any disclosure reporting.<\/li>\n<li>If an abatement is considered a<b>negotiated modification<\/b>, a remeasurement should be run when the abatement term is agreed on and continue through the rest of the lease term.<\/li>\n<\/ul>\n<p>For example, a large manufacturing company that reports under <a href=\"https:\/\/visuallease.com\/what-is-ifrs-16-what-do-i-need-to-know\/\" target=\"_blank\" rel=\"noopener\">IFRS 16<\/a> handled a three-month rent abatement by reducing its short-term and long-term liabilities for those months while still showing activity from a balancing perspective. From a P&amp;L perspective, the company showed the benefit of no rent expense for those three months.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Think_ahead_when_planning_for_deferred_lease_payments\"><\/span>Think ahead when planning for deferred lease payments.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With a lease deferral, your organization needs to considera number ofvariables and make decisions based on how it will impact your company\u2019s P&amp;L statement.<\/p>\n<ul>\n<li >If you choose to report a deferral as a variable expense, you will book the benefit of the lease concession today and the expense of the repayment at a future point in time.<\/li>\n<li>If you choose to treat the deferral as a lease modification, the immediate impact will be less, but the expense will be spread out and extend into future periods.<\/li>\n<\/ul>\n<p>For some companies, it might make sense to push the expense of deferred rent off to next year rather than inflate payments for FY2020. For instance, suppose a company that received a 3-month rent deferral in 2020 wants to defer payment as far into 2021 as possible. If the company treated the deferral as a variable payment, it would have to recognize the rent expense in 2020 even if the payments are made in 2021.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Be_sure_to_provide_disclosures\"><\/span>Be sure to provide disclosures.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As with much of lease accounting under strict standards, there are a lot of decisions to make. Providing<a href=\"https:\/\/visuallease.com\/lease-accounting-disclosures-6-tips-for-successful-asc-842-reporting\/\">lease accounting disclosures<\/a>will help auditors and understand your financial statements, including:<\/p>\n<ul>\n<li>Any abatements, deferrals or other lease concessions received<\/li>\n<li >Whether all leases (or similar leases) are treated the same way<\/li>\n<li>Which practical expedients werechosen<\/li>\n<\/ul>\n<p>By providing disclosures, you can clarify decisionsyou\u2019vemade and demonstrate that you have treated lease concessions consistently.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accounting_for_Rent_Abatement_Under_ASC_842\"><\/span>Accounting for Rent Abatement Under ASC 842<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under ASC 842, lease abatement is treated as a lease modification. Lease modifications are changes to the terms of a lease that are made after the lease has been entered into. Lease modifications can be either beneficial or onerous to the lessee.<\/p>\n<p>If a lease abatement is beneficial to the lessee, it is recognized as a reduction in the lease liability over the lease term. If a lease abatement is onerous to the lessee, it is recognized as a lease liability over the lease term.<\/p>\n<p>For example:<\/p>\n<p>If a company receives a rent abatement for the first 6 months of a 10-year lease, the rent abatement is treated as a beneficial lease modification. The lease liability is reduced by $300,000 (6 months * $50,000 per month). The rent expense is reduced by $50,000 per month over the remaining 9 years of the lease.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_statement_impact_of_lease_abatement_under_ASC_842\"><\/span>Financial statement impact of lease abatement under ASC 842<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The financial statement impact of lease abatement under ASC 842 can vary depending on the specific terms of the lease and the amount of the lease abatement. However, in general, lease abatement can have the following financial statement impacts:<\/p>\n<ul>\n<li >Reduced rent expense: If the lease abatement is treated as a reduction in rent expense, it will reduce the rent expense on the income statement. This can improve the company&#8217;s gross profit margin and net income.<\/li>\n<li >Increased right-of-use asset: If the lease abatement is treated as a lease modification, it will increase the right-of-use asset on the balance sheet. This can have a negative impact on the company&#8217;s debt-to-equity ratio and financial leverage.<\/li>\n<li >Reduced lease liability: If the lease abatement is treated as a beneficial lease modification, it will reduce the lease liability on the balance sheet. This can have a positive impact on the company&#8217;s debt-to-equity ratio and financial leverage.<\/li>\n<\/ul>\n<p>Managing rent concessions like abatements, deferrals, and early terminations can make lease accounting more complex. Ensuring compliance, accuracy, and proper reporting of rent concessions is critical for maintaining the financial health of your business. <\/p>\n<p>A modern <a href=\"https:\/\/visuallease.com\/solutions\/lease-management-software\/\" target=\"_blank\" rel=\"noopener\">lease management software<\/a> like Visual Lease\u2019s can simplify the process by automating the tracking and reporting of rent concessions, providing real-time insights, and ensuring compliance with lease accounting standards. Take control of your lease management and streamline your rent concession processes with Visual Lease today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; What are rent concessions? Rent concessions are discounts, incentives, or other benefits provided by landlords to tenants. Landlords sometimes offer rent concessions to entice tenants to sign a new&#8230;<\/p>\n","protected":false},"author":2,"featured_media":5442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[170],"tags":[185,186,189,188],"company_size":[],"company_portfolio_size":[],"company_industry":[],"case_study_topic":[],"class_list":["post-5441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lease-accounting","tag-asc-842","tag-ifrs-16","tag-private-companies","tag-public-companies"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/5441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/comments?post=5441"}],"version-history":[{"count":0,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/5441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media\/5442"}],"wp:attachment":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media?parent=5441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/categories?post=5441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/tags?post=5441"},{"taxonomy":"company_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_size?post=5441"},{"taxonomy":"company_portfolio_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_portfolio_size?post=5441"},{"taxonomy":"company_industry","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_industry?post=5441"},{"taxonomy":"case_study_topic","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/case_study_topic?post=5441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}