FINANCIAL MODEL OF THE LANDLORD'S REVENUE: BUILDING AND IMPLEMENTATION IN THE ACCOUNTING AND MANAGEMENT SYSTEM

Abstract

The article is devoted to a comprehensive analysis of accounting, tax and management accounting of lease transactions from the lessor's perspective, depending on the chosen model of relationship with lessees. The relevance of the study is обусловлена the negative dynamics of the rental market in the Russian Federation, identified on the basis of Rosstat data for 2022-2024 (a drop of 36.3%). The aim of the work is to systematize the lessor's accounting approaches under various interaction models (direct lease from the owner, sublease, agency agreement, trust management) and to develop methodological tools for management accounting. The article provides a comparative analysis of methods for reimbursing utility expenses from the perspective of value added tax taxation, proposes the author's classification of cost items for forming an economically justified rental rate in the management accounting system (direct expenses, indirect costs, investment component) and the corresponding formula. Special attention is paid to constructing a financial model of the lessor's income and the mechanism for forming a reserve fund for major repairs and unforeseen expenses. The results of the study make it possible to systematize accounting approaches, minimize tax risks and form a methodological basis for making informed management decisions aimed at increasing the investment attractiveness of commercial real estate objects.