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.
In order to hold the landlord liable, the tenant will have to prove each of the above elements. Take the example of the broken stairwell, above. Assume the tenant took the front stairwell, stepped on the broken step, injured himself, and that the step had been broken for several months.