Can you owe additional rent after your lease expires?
The landlord retains the right to receive rent from a tenant under the lease even after the tenant has moved out. Owing back rent after
The landlord retains the right to receive rent from a tenant under the lease even after the tenant has moved out. Owing back rent after
Exercising an option under ASC 842, which is the accounting standard for lease accounting in the United States, depends on various factors. ASC 842 requires organizations to recognize lease assets and liabilities on the balance sheet. This includes guidance on how to account for these leases. How can you be reasonably certain to exercise an option?
A No-Waiver clause in a lease serves a similar purpose as in any other contract. It specifies that if the landlord or tenant fails to