Generally accepted accounting principles dictate that rent expense should be shown on the financial statements of a business as a consistent amount from month to month. In accounting parlance, that's ...
Tenants who are now involved in a sublease of space or an assignment of a lease that includes a COVID deferred rent payment obligation need to consider and clarify their responsibility for that future ...
In an effort to survive the financial fallout of the coronavirus pandemic, thousands of New York City restaurateurs entered into a perilous agreement with their landlords: deferring rent in the hopes ...
Despite all the pre-pandemic talk of a "retail apocalypse," many of these once-healthy chains have never been in a distressed situation. The continued presence of Covid-19 is highlighting a reality ...
Generally, when an entity files bankruptcy, payments it made to its creditors in the 90 days prior to the bankruptcy filing are subject to potential recapture—even though the payment was made on ...
AUSTIN, TX — Texas is one of the states where residents are deferring rent payments amid spread of the coronavirus, a new study shows. The respiratory illness pandemic has upended life for millions of ...
Last year, as more and more businesses fully reopened amid relaxed pandemic restrictions, long-deferred rental payments came due for hundreds of tenants occupying San Diego-owned properties — ...
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