Assignment 2 Business Law.docx - 1 Assignment Landlord-Tenant Law Roberta M Brown Professor Samuel Christian Business Law 2 Landlord-Tenant Law When

Assignment 2 Business Law.docx - 1 Assignment...

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1Assignment: Landlord-Tenant LawRoberta M. BrownProfessor Samuel ChristianBusiness Law March 17, 2019
2Landlord-Tenant LawWhen entering into a landlord and tenant agreement, it is very important for each party to have a thorough and clear understanding of each party’s responsibility. This will enhance a good relationship between landlord and tenant. Information is powerful and it’s always best to know your rights. A tenant should know what rights he/she has and use that knowledge each time a controversial situationhappens. A landlord and tenant have many rights. These rights determine the nature of the relationship between the landlord and tenant. Landlord-tenant law fall into three categories: property, contract and negligence. When a property owner allows an individual temporary possession of his/her property, the person is defined as the tenant. As protection for the landlord, they enter into a lease agreement. This lease agreement is a form of right to possession of the property on a temporary basis to the tenant. Within a court of law, the phrase tenancy, may be utilized to define a tenant’s right to property possession. Lease agreements may be for residential or commercial property.A contract is formed through a lease agreement between the landlord and tenant. This creates abusiness relationship between the two parties. Negligence law is used in landlord-tenant relationships to determine liability for cases of liability for personal injury and/or loss of personal property. Some states will legally enforce oral agreements, through short term means, many jurisdictions specify that lease agreements be in writing. The elements of a lease agreement has the parties name, the property address that is being leased, the duration of the contract and the rent amount. Lease agreements should explicitly enforce and convey provisions and conditions of the contract. Covenants are used within lease agreements and forms as a promise to do or refrain from doing something. This covenant can include the landlord’s promise to return the security deposit, specifying how the tenant may use the property and who may be responsible or liable for property damage or repairs.Landlord-tenant law governs the rental of commercial or residential property. It is composed primarily pf state statues and common law. Many states have based their statutory law on either the Uniform Residential Landlord and Tenant Act (URLTA) or the Model Residential Landlord-Tenant Code.

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