Posts Tagged ‘Liability’
The New FASB Lease Accounting Standard and Its Likely Impact on Real Estate
No matter the size of your company or its type, prepare for a financial statement impact! The reason is the new lease accounting standard (ASU 2016-02). If you lease anything as part of your business, it is time to pay attention. Recognition changes are here, and it may alter your company’s financial perception in the…
Read MoreWhat Is A Good Guy Guarantee In NYC Real Estate?
A Good Guy Guarantee is a clause typically found in commercial lease agreements in New York City. Also known simply as a GGC, the Good Guy Clause helps tenants by limiting the amount of a security deposit and helps landlords to avoid a costly eviction process if the tenants stops paying their rent before the…
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