Major overhaul of property leasing rules heading our way A radical overhaul of accounting practices for property leases in the United States is likely to lead to dramatic changes in the way commercial property is leased in New Zealand. These changes have their roots in the major upheavals in the United States corporate world when companies such as Enron and Andersons were found to have ‘cooked the books’. The Global Financial Crisis compounded concerns about the financial reporting of property leases. Currently, both in the US and New Zealand, leased property is… A radical overhaul of accounting practices for property leases in the United States is likely to lead to dramatic changes in the way commercial property is leased in New Zealand. These changes have their roots in the major upheavals in the United States corporate world when companies such as Enron and Andersons were found to have ‘cooked the books’. The Global Financial Crisis compounded concerns about the financial reporting of property leases. Currently, both in the US and NZ, leased property is Continue reading “Major overhaul of property leasing rules heading our way”
A new look for changing times I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! … I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! Continue reading “A new look for changing times”
The rent must go through When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete… When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete breakdown for both parties. Continue reading “The rent must go through”
