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Dealing with Surplus Leasehold Property
Dealing with Surplus Leasehold Property
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As occupiers streamline their property portfolios, surplus property is becoming a real problem. Corporate occupiers who prepare their accounts under international accounting standards or US GAAP are required to provide for these liabilities, however, this does not prevent future risk to the P&L account. There are ways, other than just trying to sublet the space, that can remove this liability. This paper seeks to set out the portfolio options available in today’s market.
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