Nobody downloaded yet

Examine the Parties Involved in the Agreement and the Different Types of Leases - Essay Example

Comments (0) Cite this document
Name: University: Course: Tutor: Date: Examine the parties involved in the agreement and the different types of leases. Explore the rights and duties of the parties and lease termination. Introduction In order to understand different forms of tenancy, it is necessary to understand each of the concepts and terminologies used in tenancies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Examine the Parties Involved in the Agreement and the Different Types of Leases
Read TextPreview

Extract of sample "Examine the Parties Involved in the Agreement and the Different Types of Leases"

Download file to see previous pages In this regard, this right to occupy and use the property of another person is regarded as lease. With regard to these deliberations, in order for the two parties to have come to a conclusion that the landlord will allow the tenant to occupy the property and for the tenant to accept to occupy the property, the term lease agreement comes in. A lease agreement is the document that forms the basis of the landlord-tenant relationship by protecting all parties but gives final control to the landlord. A lease agreement is the document that outlines the foundation of the landlord-tenant relationship by protecting all parties but gives final control to the landlord. Upon entering into a lease agreement, both the landlord and the tenant must abide by the terms of the form of the tenancy. The lease agreement should clearly stipulate on the rights and duties expected to be fulfilled by the both parties (Sigismond, and Goldman, 495). In this regard, the rights and duties of the parties will be articulated upon under each form of tenancy in the succeeding paragraphs. Additionally, there are different termination circumstances and provisions of how each of the tenancies can be terminated. These will also be focused under each form of tenancy. ...
uration of the tenancy, although some preparations were made on how payments would be made at certain intervals or after a given specific duration of time. The real estate law stipulates that periodic tenancy involves an arrangement between the occupant and the owner, and that the landlord permits the tenant to occupy a property on a periodical basis (Jennings, 181). Tenancy may be designed on a weekly, monthly or on an annual basis (Battle, 68). Alternatively, though not common and not formal, the landlord and the tenant may agree on another set of period. A tenancy can take place for either residential or commercial properties. Nevertheless, this kind of tenancy arises and most commonly takes place after a formal written lease has expired. Each of the two parties involved in periodic tenancy has rights and duties, which must be adhered to. The landlord is entitled to a right to obtain payment on time. It is also the right of the landlord to expect that his/her property will not be subjected to any form of damage or used for illegal purposes. The land lord is also entitled to receiving compensation or payment for damages that the tenant may have caused during their stay in the property (Miller and Jentz, 647). On the other hand, the tenant has the right to “quiet enjoyment” during his/her stay in the rented premises. Tenant has also the right to receive a written notice as stipulated by law. It is also the right of the tenant to receive the full amount given as deposit. In addition, the landlord is expected to provide timely repairs to the premises after being informed by the tenant (Jennings, 181). Termination of periodic tenancy normally occurs, when one part offers the other with proper termination notice. It is also argued that the notice needs to be equal to ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Examine the Parties Involved in the Agreement and the Different Types Essay”, n.d.)
Examine the Parties Involved in the Agreement and the Different Types Essay. Retrieved from
(Examine the Parties Involved in the Agreement and the Different Types Essay)
Examine the Parties Involved in the Agreement and the Different Types Essay.
“Examine the Parties Involved in the Agreement and the Different Types Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Examine the Parties Involved in the Agreement and the Different Types of Leases

Different types of service organization

...(Schmenner 21-32), as shown in figure below. Service factory includes services that involve low labour intensity and interaction. These demand huge capital and are standardized. Airlines and motels are the examples of such services. Highly labour intensive services with low interaction fall under mass service. These require low capital and service is provided on a standard basis to all customers. Retail giants such as Walmart follow this formula. Service shops support high degree of customisation and low labour intensity. Hospitals take up this mode of service, by accruing advantage of abundant capital (Inman). Advocates, medical practitioners, engineers etc, who provide professional services, show high customer...
1 Pages(250 words)Essay

The Different Types of Leases

...Lease financing, the different types of leases, tax effects, evaluation by the lessee and evaluation by the lessor and other reasons for leasing. Contents Introduction 3 Research objectives 3 Literature Review 3 Conclusion 9 Reference 10 Introduction Flexibility makes leasing an attractive and effective form of financing. This is the reason why almost one-third of financial acquisitions at the present times take places through leases. Presently over 90% of the companies have recognized leasing as the alternative to financing. They involve in making plans to lease...
8 Pages(2000 words)Research Paper

Different types of financial statements

...There are four different types of financial ments being used by organizations to keep a track of their accounts and finances. The most basic financial statement used is the balance sheet. A balance sheet describes the financial situation of a company at any given point of time. It lists the various assets of the company on one side and liabilities on the other side. The sum of assets must always be equal to the sum of liabilities hence leading to a balance in the balance sheet. The assets include fixed assets such as land, machinery, furniture etc. as well as short term assets such as cash and liquid funds. The liabilities include long term liabilities such as loans as well as short term liabilities such...
1 Pages(250 words)Essay


...Leases The paper is focusing on the issues involved in lease contracts. The paper also seek elaborates on the case where the individual how have leased an office which is a piece of real property dies after the end of the lease contract without notice. The possession of the office returns to the owner after the period of one-year term. However, the main objective of the paper is to explain what happens to the property, if happened that the person who leased the office died during the lease period. Lease The lease of a real property is terminable at the inclinations of any of the...
1 Pages(250 words)Essay

Examine how a labor agreement is administered

..., I strongly believe that unions are formed to serve the best interests of employees or members of the labor force, especially those whose voices could not be aptly heard and duly represented in an organization. Thus, unions’ effectiveness could be measured in terms of their ability to forge a congenial agreement with management (or authorized representatives of the organization) and with the employees (who are members of the union) regarding labor relations issues and concerns. When clear conditions and stipulations have been clearly set by both parties and have been properly evaluated and agreed upon, it would be an indication that the needs and concerns of the employees are effectively represented and...
2 Pages(500 words)Essay

Different types of advertising

...Different Types of Advertising Different types of advertising exist. The notable seven types include brand, retail or local, direct-response, business-to-business, institutional, non-profit, and public service advertising. Brand advertising targets the public to raise awareness about particular goods and service with the intent of establishing a long-term customer loyalty. The advertisers create a unique image and name in the minds of the consumers (Moriarty, Mitchell, & Wells, 2011). Retail or local advertising concentrates on the retailers, distributors, and dealers within a given geographical locality. The advertisement employs postcard coupons, mailers, and flyers to connect with retailers in a local area (Shah & DSouza, 2009... to...
2 Pages(500 words)Assignment


...the two classes of leases giving their characteristics. The substance of the transaction, as opposed to the form, determines whether a lease is a finance or operating lease (IFRS, 2013a, p.772). The treatment and accounting for the two classes of leases differs. The lessee recognizes operating leases as an expense. The lease payments appear in the income statement as an expense over the lease term and follow a straight-line basis. The lessor recognizes assets under lease in the balance sheet. The income statement of the lessor recognizes the lease income on a...
5 Pages(1250 words)Essay

Different types of variables

...Variables in a sociological research Variable are the qualities, properties or characteristics of persons, things or situations that are prone to change or vary. Examples of the variable are sex (male or female) age academic success stress and pain. In research, the variables are in two broad categories to make the research more understandable. However, there are other categories of research variable. The main types of variables are the dependent and independent variables. Independent variables, are variables that influence other variables (Lietz, Langer, and Furman 23). The researcher intervenes on these factors to see the resulting change in the dependent variable. On the other hand, dependent variables are outcome...
2 Pages(500 words)Essay

Different Types of Business Formation that sole proprietors are required to pay self-employment taxes (Spadaccini, 2013). Another disadvantage is that the sole proprietor is held directly liable for debts, losses, and business violations. Partnerships involve shared formation and ownership of a business by more than one individual. This business formation has several advantages, including more diverse sources of capital than sole proprietorship, ease of formation and management, and the sharing of responsibilities and combination of the partners’ complimentary skills (Spadaccini, 2013). However, partnerships also have disadvantages such as sharing of profits compared to sole proprietorship, unlimited liability, and taxation of partners as single...
2 Pages(500 words)Essay

Different types of Asthma

...Different types of Asthma Asthma is a chronic disease that affects the airways into the lungs. It causes the patients to have episodes of a bronchospasm, inflames airways, and causes hyperinflation of the alveoli. The most recent data for the Centers of Disease and Prevention states that in 2010 there were 18.7 million adults and 7 million children suffer with asthma in the United States. Out of these people 46.9 percent have had at least one or more asthma attacks in their lifetime. There are many different causes that trigger asthma attacks. In my essay, I will be discussing some of the different types of asthma conditions, such as allergic asthma,...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Examine the Parties Involved in the Agreement and the Different Types of Leases for FREE!

Contact Us