What is the name of the landlord

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Reference no: EM133504866

Question (a) Answer the following questions:

• What is the name of the landlord?
• What is the name of the tenant?
• What is the description of the premises rented?
• What date did the lease start?
• What is the duration of the lease or term?
• Can the lease be renewed, and if so, how?
• How much notice is required for renewal?
• Can the lease be registered? Explain why or why not.
• What rent is charged?
• What payments are set out, in terms of taxes, utilities, etc.?
• Who pays for repairs and improvements?
• Are there any special covenants, conditions, exceptions, or reservations?
• What type of tenancy is this?
• Is this a gross or net lease? In your answer, briefly explain the difference.
• Is there a required security deposit, and if so, how much is it and how much will be returned to the lessee?
• May the lease be assigned or sublet? Explain the difference.
• What are the landlord's obligations under the lease, both those set out and those implied?
• What are the tenant's obligations under the lease, both those set out and those implied?
• How may this lease be terminated?
• What is the concept of interesse termini? Explain whether it is applicable.
• What remedies are set out for breach of the lease?

Question (b) From the perspective of a prospective tenant, discuss the advantages and  disadvantages in this lease. Would you advise a prospective tenant to lease this  property? State the reasons for your advice.

 

Reference no: EM133504866

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