Not exact matches
We were a provider of carrier network equipment products and services until the fourth quarter of fiscal year 2004 during which time we discontinued our product lines, took actions to lay off
most of our employees, terminated contract manufacturing
arrangements, contractor and consulting
arrangements and various facility
leases, and sold, scrapped or wrote - off our inventory, property and equipment.
- With the exception of a minimum stay requirement, the apartments we rent to our clients are not usually constrained by a
lease agreement - and stays can usually be shortened with prior
arrangement and in
most circumstances a bond is not charged - however a credit card is usually used to guarantee the booking.
Most of the time, a landlord and a tenant with a fixed term
lease intend the
lease to continue indefinitely and establish an end of the
lease term primarily to give the parties an opportunity to renegotiate the terms of their mutual
arrangement without either party having a status quo advantage.
Most lease agreements are long - term, and the rental rate is often higher than average, so this can be an advantageous
arrangement for property owners.
Since
most businesses are involved in some type of
leasing arrangement, you need to prepare for the new FASB standard as it may impact your company's bottom line.