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.
Landlords own and rent out properties to other people. The responsibility of the landlord is to maintain the property and ensure local building codes are maintained for the saâ¦fety and welfare of the renters. The cost of maintenance related to rental properties can vary depending on many factors.