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.
1 The landlord cannot withhold the tenantâs security deposit if the damage is just normal wear and tear and not caused by the tenant. In addition, tenants are not responsible for any defects on the carpet that existed before they even moved in.  Damage and Replacement. If the carpet in a rental unit is damaged and needs to be replaced, the tenant is not responsible to buy a new carpet all by him but instead he is only responsible for the prorated price to the damage he caused to the carpet.