While a tenant leaves the basis with no intentions to go back, the liability the lessee has to the lessor it's far known as. abandonment.
Legal responsibility is something a person or agency owes, typically an amount of cash. Liabilities are settled over the years thru the transfer of financial benefits including cash, goods, or offerings.
Assets are the items your organization owns that could offer future economic advantage. Liabilities are what you owe different parties. In brief, property positions money in your pocket, and liabilities take money out!
Liabilities are any money owed to your agency, whether it's financial institution loans, mortgages, unpaid bills, IOUs, or some other amount of money that you owe a person else. in case you've promised to pay a person an amount of cash in the future and have not paid them but, that's a legal responsibility.
Learn more about liability here: brainly.com/question/25012970
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