Accrued rent liability

Accrued rent liability is a balance sheet account that stores the amount of rent incurred but not yet paid. This account is used by a tenant that has entered into a facility rental arrangement with a landlord. The liability is usually included in the accrued liabilities account, along with all other accruals. However, if the accrued rent amount is large enough, management might want to record it in a separate account.

Related Courses

Property Management Accounting