What is the landlord''s duty to mitigate damages

Assignment Help Business Law and Ethics

Reference no: EM133194777 , Length: word count:1200

LEASE ANALYSIS ASSIGNMENT INSTRUCTIONS

OVERVIEW
In this paper, you will review the commercial lease agreement provided and respond to questions analyzing the terms of that lease. The paper must be at least 1,200 words and include at least 3 scholarly sources other than the course textbook/materials.

INSTRUCTIONS

Review the Commercial Lease Agreement.
Answer the questions below with a minimum of 200 words for each answer (a total of at least 1,200 words), and a total of at least three scholarly sources other than the textbook, cited in-text and in a reference list in current APA format. While Question 6 directly addresses a Biblical worldview, such principles should also inform your answers throughout.

Add an APA-formatted title page, headers, and page numbers to your answers.

Question 1. What is the distinction between a "commercial" and a "residential" lease? How do the differences in use of the leased property impact the terms of the lease? In a commercial lease agreement, should the law seek to protect the interests of the commercial tenant more than the interests of the commercial landlord? Why or why not?

Question 2. Sections 5 and 6, respectively, impose on the commercial tenant the obligation of making repairs to the leased property, and of making alterations and improvements to the leased property. Should the lease impose these obligations on the tenant, or should such obligations be legally imposed on the commercial landlord? Explain your answer.

Question 3. In the default provisions of Section 15, what is the landlord's duty to "mitigate" damages? Should the landlord be required by law to mitigate? Explain.

Question 4. Sections 2 and 19 discuss the creation of, and the parties' rights in, the security deposit. Do these rights favor the landlord or the tenant? Is that appropriate? Why or why not?

Question 5. Section 29 requires mediation, followed by arbitration, in lieu of litigation, to resolve disputes. What are the advantages and disadvantages of such a provision? How should mediators and arbitrators be selected?

Question 6. As a businessperson guided by a Biblical worldview, what changes would you make in this lease to make the terms comport more closely to Scripture?

Attachment:- COMMERCIAL LEASE AGREEMENT.rar

Reference no: EM133194777

Questions Cloud

Was the mlc created by the mma forced to hire : Was the MLC created by the MMA "forced" to hire HFA to get SESAC's buy-in for the MMA passage? See if you can find any commentary on this issue

How do you currently apply emotional intelligence skills : One of your programmatic course themes is emotional intelligence. How do you currently apply emotional intelligence skills as a student or working professional?

Comment on Family Member Having a Stroke Discussion : Comment on Family Member Having a Stroke Discussion - He was able to understand and nod to questions but was not able to speak an get his thought across

Theory of stages of moral development : PSY 1012 Keiser University Most of us have asked ourselves the question "Who am I?" at one point or another in our lives. Coon, Mitterer, and Martini (2019) di

What is the landlord''s duty to mitigate damages : What is the distinction between a "commercial" and a "residential" lease? How do the differences in use of the leased property impact the terms of the lease

Comment on Stroke Family Caregivers Discussion : Comment on Stroke Family Caregivers Discussion - Studies with caregivers who were more actively involved in the discharge planning process

Analyze conversations comparing virtual to face-to-face : Saint Leo University You are to gather and analyze conversations comparing virtual to face-to-face interactions.

Recommendation report of workplace motivation : PS 542 Kaplan University This Assignment will be part of the Final Project's "Recommendation Report of Workplace Motivation Best Practices for Your Organization

How would you define human perception of plant life : American University - How would you define human perception of plant life? How can we change this, and what impact might that have?

User Account

All Pages