Are they as good as their word?
Series: Estates Gazette ; (0213) 30 March 2002, 92-93(2)Publication details: 2002Subject(s): Summary: Considers why an understanding of covenant strength and related accounting practices is important for surveyors. Explains how the financial standing of a company can affect those involved in other property specialisms, for example surveyors involved in the letting and assignment of commercial property. Highlights how covenant strength applies to negotiating lease terms or advising on lease assignments, and points to the changes brought in by the Landlord and Tenant (Covenants) Act 1995. Advises that surveyors should be able to interpret company accounts and understand an accountant's advice. Concludes with methods of researching covenant strength. Includes explanations of the profit and loss account, rents for a retail unit, the balance sheet, and definitions used to analyse the financial strength of a firm.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65384 (Browse shelf(Opens below)) | 1 | Available | 117527-1001 |
Considers why an understanding of covenant strength and related accounting practices is important for surveyors. Explains how the financial standing of a company can affect those involved in other property specialisms, for example surveyors involved in the letting and assignment of commercial property. Highlights how covenant strength applies to negotiating lease terms or advising on lease assignments, and points to the changes brought in by the Landlord and Tenant (Covenants) Act 1995. Advises that surveyors should be able to interpret company accounts and understand an accountant's advice. Concludes with methods of researching covenant strength. Includes explanations of the profit and loss account, rents for a retail unit, the balance sheet, and definitions used to analyse the financial strength of a firm.