Lease Homework Help
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What is a lease?
A lease is an official legal document under which a party lends off the property to another party for a limited amount of time. Under the conditions the lender pays the owner being a tenant. Lessee and leasor are the terms used for tenant and owner respectively. In our lease homework help article we discuss the types of lease and benefits of it.
Breaking down lease
These are similar to rental agreements but legally bundled and usually performed in the terms of real estate. The lease prepared by the owner of a house for example, describes the few following things in the lease agreement.
a. Monthly rental amount
b. The date of each month when it is due
c. The consequences if tenant fails to pay on time
d. The amount of security deposit
e. The duration of the lease
f. The number of occupants living in the property
The tenant and owner should both agree as per this lease homework help article to fulfill the lease.
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Breaking the lease consequences
Our lease homework help article writers suggest that there can be adverse consequences if the tenant breaks the lease. The consequences can follow from being mild to harshly damaging. Without a prior notice and negotiations, as our lease homework help article writers suggest, the tenant can face civil lawsuit with the owner. Encountering problems with the new residence, huge monetary negotiations with the landlord etc. can be a few consequences.
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