• stevecrox@kbin.run
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    8 months ago

    Every big UK company I have worked for doesn’t own its building. They will typically agree to rent a building for 5-20 years at a fixed rate (longer times if its being purpose built for them) .

    So I would expect this is paying out the rest of the rental agreements for a building to escape the building lease.

    It is to do with financial reporting and the way asset and operational costs are reported.