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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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areedy
Joined: 25 Jun 2008
Posts: 49
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| Posted: Wed Sep 24, 2008 11:27 am Post subject: Lease assignment |
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| How is lease assignment treated in real estate accounting? Do I have to terminate a lease of the person who assigns it and transfer it to the person who assumes it? Please help !!! |
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Ken
Joined: 17 Aug 2005
Posts: 148
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| Posted: Tue Nov 11, 2008 4:53 pm Post subject: |
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| This is best to keep track of who has paid what. If you just change the name of the Lessee, you will not know who paid what. |
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