Saturday, May 2, 2020

Signing a Commercial lease

Question: Discuss about the Signing a Commercial lease. Answer: Introduction: In this paper, we answer two questions on the basis of case study. First we state the steps which must be consider before signing the lease. Second questions state the responsibility of landlord towards the Sally and also state whether it is legal to charge $2000 as damage deposit from tenant. Subsequently, this essay is concluded with brief conclusion. Steps involved before signing the lease: Following are some steps which are stated below: Ask Questions: it is necessary that tenant ask some important questions from landlord before signing the lease such as pet policy, maintenance of apartment, and other which cover some important factors. Research about landlord: before entering into any legal arrangement it is necessary that tenant research about their landlord and ensure themselves that landlord is good. Read the lease: in the present case, Sally does not read the lease which was her biggest mistake because it is very important to read every provision of the document before entering into any legal arrangement. Write down the details: after reading the lease if something is not presented in the lease or some important points are missing then write down those points and ask for the amendments in the lease agreement. Get your finances in order: while signing the lease tenant pays lot of amount at least one month rent in advance or any kind of security deposit. Therefore, it is necessary that person order their finances before starting the process. Request for copies: tenant ask for the copies of lease agreement and keep t safely (Pullman, 2014; Government of Canada, n.d.). Responsibilities of landlord: It is the responsibility of landlord that in home they provide heat during the time period of September 1 to June 15. During this period it is necessary that minimum temperature is 20C, and there are some towns in which there is additional requirement (Settlement. Org, n.d.). In the present case, Sally move in the apartment on September 1st and found that apartment would not heat above 12 degrees even she set the thermostat to 25. Her landlord is not taking her calls and later he state that if sally fixed the damaged walls then he fixed the heating system. In this case, it is the duty of landlord to provide minimum 20C heating in the apartment during above stated time period, and he cannot suggest sally that she wears sweater. Most tenancy agreements require that tenant pay the damage deposit in advance and landlord can use this amount in case of any damage or rent owing. Therefore, it is legal that landlord take $2000 as damage deposit from sally (Student Legal services, n.d.). Conclusion: After analyzing the tenancy rights and factors related to lease agreements it is clear that tenants and landlord must clear everything before signing the lease agreement because some it becomes difficult to handle the matters and solve the issue. References: Pullman, E. (2014). 10 Things to Do Before Signing a Lease. Retrieved on 3rd March 2017 from: https://www.huffingtonpost.com/elizabeth-pietrzak/10-things-to-do-before-si_b_5739464.html. Government of Canada. Signing a commercial lease. Retrieved on 3rd March 2017 from: https://canadabusiness.ca/managing-your-business/day-to-day-operations/protecting-your-business/legal-issues/legal-issues-for-small-business/signing-a-commercial-lease/. Settlement.org. What are my responsibilities as a landlord. Retrieved on 3rd March 2017 from: https://settlement.org/ontario/housing/rent-a-home/landlord-rights-and-responsibilities/what-are-my-responsibilities-as-a-landlord/. Student Legal services. Landlord and Tenant Law. Retrieved on 3rd March 2017 from: https://www.slsedmonton.com/civil/landlord-and-tenant-law/.

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