📄 Select Lease

📋 Current Lease Summary

Monthly Rent $12,500
Remaining Term 35 months
Expiration Dec 31, 2027
Current Liability $412,500
Current ROU Asset $398,200
Remaining Payments $437,500

🎯 What-If Scenario

🔄 Renewal Scenario Parameters

Current market suggests 3-8% increase
TI allowance from landlord

📊 Scenario Analysis Results

📋 Current Path

Let lease expire Dec 2027

Remaining Cash Outflow $437,500
NPV of Payments $398,456
Ending Liability $0
VS

🔄 Renewal Scenario

5-year renewal with 5% increase

Total Cash Outflow $1,247,500
NPV of Payments $1,089,234
New Lease Liability $687,450

💰 Financial Impact Summary

Day 1 Remeasurement
New Lease Liability: $687,450
ROU Asset Adjustment: +$314,250
Annual Lease Expense
Current: $150,000/yr
After Renewal: $157,500/yr
Increase: +$7,500/yr (+5%)
Balance Sheet Impact
Assets Increase: +$314,250
Liabilities Increase: +$274,950

📒 Day 1 Journal Entry (Modification)

Account Debit Credit
ROU Asset - Operating Lease $314,250
Lease Liability - Operating $274,950
Lease Incentive (TI Allowance) $25,000
Prepaid Rent (Free Rent) $14,300
Total $314,250 $314,250

📅 New Amortization Schedule (First 12 Months)

Month Payment Interest Principal Liability Balance ROU Amortization ROU Balance

🎚️ Sensitivity Analysis

How does the NPV change with different assumptions?

Scenario NPV Change vs Base
Base Case (5% rent increase) $1,089,234 -
Negotiate 0% rent increase $1,037,890 -$51,344 (save 4.7%)
3-year term instead of 5 $698,456 -$390,778 (save 35.9%)
Get 4 months free rent $1,063,234 -$26,000 (save 2.4%)
8% rent increase $1,128,567 +$39,333 (cost 3.6% more)