Here are some challenges companies face with leasing: (A) Difficulty in forecasting and budgeting for lease payments, (B) Difficulty managing and keeping track of multiple leases and lease agreements, (C) Difficulty in determining the fair value of leases for financial reporting purposes under new accounting standards (such as ASC 842 and IFRS 16), (D) Difficulty in renegotiating or terminating leases in response to changes in business needs or operations, (E) Difficulty in compliance with lease terms or changes in laws and regulations governing leases.