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No, that's illegal. If you keep their property against their will before they're considered to have abandoned it, is criminal. If tenants are late on the rent you may lawfully pursue them in court.
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Is paid monthly rent increase in assets?
It is if you are the owner of the property and receive the rent.
What does Lease and Rent mean in relation to assets other than property?
Lease indicates that there is an asset available I.e. an item is able to be leased and rent is in relation to the person whom wants to rent the assets.
Is it against the law to rent out the garage as a room?
Yes it is.
What category is prepaid rent?
Other Current Assets
The Prepaid Rent account represents rent paid in advance and is classified as Current Assets true or false?
Yes prepaid rent is rent paid in advance and as normally it is for short term or for one fiscal year that's why it is shown under current assets.
Sell and lease back?
Where you sell an assets (usually land or a building) to a third party and then lease it back/ rent it, this technique is used by business to free up cash tied up in non-current assets but still retain use of those assests
Commercial real estate landlord - tenant issues. Can a landlord auction off tenants assets for back rent?
Yes, only if you left your assets on the property past the date your lease term ended or were evicted
Is prepaid rent an debit or credit?
prepaid rent is rent paid before it is due so it is current assets because it's benefit will be taken in future.
Where can I rent a car in Chicago at the airport?
Which Chicago airport? O'Hare, you can rent on the lower level of Terminals 1, 2, and 3. Midway, you can rent on the second level of the Parking Garage.
Where can you work on a project car and leave it there if you don't have your own garage?
Check local real estate ads for garage space to rent. Just make sure that it is a garage that they are okay with you working on the vehicle.
Mention some examples of non performing assets?
bank loan , home rent
Can you rent out your garage?
First, seek out the zoning laws of you're neighborhood. Depends on if you want to rent it out for commercial or private and how many people will occupy the space.
