Gentlemen's agreement

This case study provides an overview of accounting for leases, specifically capital and operating leases. Some researchers have found that managers manipulate leasing data in order to report a large amount of debt on the off balance sheet, rather than on the financial statement (Biondi et al, 2011). When an entity leases property, they must pay installments on the property for the terms of the lease contract (Schroeder et al, 2011). While there are some benefits in leasing property, there are…

As the owner of a commercial enterprise, there are several aspects of operating a business organization that one ought to be mindful of. With the traditional routines of running a business, the owner should even be knowledgeable of laws that pertain to the business as well as the effects they may have. The incident that occurred at Springfield Arms Apartments brings about queries on where the accountability lies, with the owner or the trespasser. The responsibility is weighted legally as damages…

Just a few years ago this great nation took a devastating hit to its economy that crippled many homeowners. These citizens had everything ripped out from underneath them and were forced to foreclose. Why were so many thousands of people forced to resort to this you ask? When the economy bottomed out, they lost everything and could no longer even afford to support their families or live in their homes. Today, many thousands of those victims of foreclosures have since turned into potential…

The economic downturn over the past few years has really been hard on people of all status, socio-economic background and race. It’s hard to envision an America without the beautiful home and pick-it fence, but the reality of it is that most American families do not have that vision right now. With the beginning of a new day came a way to overcome this sad reality though. The economy is on the rise I believe and with that more people, boomerang buyers, are able and eager to get back into owning…

This is seen in the case of M v M, where a prenuptial agreement between the parties was existing; however this reduced the wife’s final award. The courts applied the principle used in K v K where the courts “set out pertinent factors which were necessary to determine whether the agreement was binding or influential”. Having considered the questions, the courts held the wife’s entitlement to a lump sum of £125,000. The agreement had been settled for a lump sum of “£100,000 within 5 years of…

More and more seniors are choosing to swap their suburban homes for apartment living. The experts at Murphy Properties, a company that offers apartment rentals in Connecticut and Rhode Island, say that today's seniors are healthier and more mobile than their predecessors and are choosing to remain in the workforce past traditional retirement age. Many are eager to explore a new lifestyle, and they're trading the responsibilities of home ownership for the freedom of apartment living. Apartment…

Landlord-Tenant Law Landlords and tenants both have rights and accountabilities in the development of an ownership agreement. All parties must have a clear understanding of what the lease terms mean to avoid issues. When a property owner and a renter signs on leasing a house, trailer, or etc., many things need to be made clear, including the cost of the payment, the date the rent due, limits on late fees, length of the ownership, if he or she pays for utilities (like gas, electricity, or etc.)…

In certain states in the United States, there has recently been an influx in the population in some cities. Since there has been an increase in population, low income families are being forced to move out of the city and into more affordable housing. Affordable housing is usually located outside the city limits. In order to solve this problem there has been various solutions implemented to keep affordable housing within city limits. One solution has been federal project-based rental assistance…

Tiny houses are all the rage right now because they offer people an inexpensive and concentrated living experience. However, building codes and real estate laws often make it hard for people to place their homes. Read on to understand how you can get your home ready to go. The Basics Of Tiny Houses And Building Codes There are a variety of building codes that impact the building and placement of tiny houses. For example, many states and cities have a minimum living area that a home can legally…

Condos offer conveniences that townhomes and single family homes do not. A condominium is property individually owned and also shared within the condo community. As a condo owner you will own the "inside" of your property (everything inside your door) but share common areas with your neighbors. So you own your kitchen, but not your roof or the hallway leading to your door. Your condo association, collects monthly fees from you to manage and maintain the common areas. That means the condo…