Does the language contain the essential elements of a lease

Assignment Help Management Theories

Reference no: EM131379457

The following language was in a handwritten agreement signed by Harold and Saul and their respective wives: "Saul & Zelda get the option to rent the lower level of the Hope Chest store when their lease expires. If they do take it, they will pay the same rate of rent per square foot that Harold is paying for his store.

Saul & Zelda will do all the fixing up at their expense. Entrance to upper level has to be maintained from Newbury Street-similar to how it is now. Saul and Zelda have to let Harold know six months ahead of time: (lease expires by May 31, 1987, so that Saul and Zelda have to let Harold know by Nov. 31, 1986).

Saul and Zelda cannot use the name Simon or Simon's or anything with the Simon name as a name for their store. Too confusing." Does the language contain the essential elements of a lease? Explain.

Simon v. Simon, 625 N.E.2d 564 (MA).

Reference no: EM131379457

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