Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
However, if the injury occurred within the tenantâs apartment the landlordâs insurance company may seek to reduce the landlordâs liability if the injury was caused, at least in part, by the negligence of the tenant. The landlord could be liable for medical expenses, lost wages and pain and suffering.