Reference no: EM132970085

Managing lease agreement

You (the learner) to manage and monitor the lease agreement. Mr. Smith had a lease agreement for a house of 2500 square feet for the period of one year. According to the agreement the tenant is liable to pay rental money every month but Mr. Smith is unable to pay the rent anymore. He has not paying the rent for the last 03 months. The landlord has decided to terminate the lease agreement. You as a real estate agent have been given a job to plan to collect the arrears of the rental money from the tenant and provide a legal notice to vacate the house within 60 days. Arrange the documentation required for the termination of lease agreement on behalf of the landlord. If necessary claim an entitlement to retain part or all of security deposit or bond money in line with landlord instructions. Answer illustrating the effective interpersonal communication skills to clarify the issues and resolve the dispute between landlords and tenants emanating from the termination of tenancy agreements along with the property inspection process. The report should incorporating the details of property inspection and plan of collecting arrears from the tenant