Business Finance
University of Miami Evaluation Landlord Lease Essay

University of Miami

Question Description

I need help with a Marketing question. All explanations and answers will be used to help me learn.

This is where you are to post the required written assignment for this course. The full instructions and material you need to complete this assignment are shown in the link below. This required assignment is to be completed in conjunction with the chapter 4 work on apartment leasing. This assignment represents 10% of your grade in this course.

Please note that work posted after the due date will have a 25% per day penalty (weekend days count as penalty days.)

(Information for this assignment is in the Housing Required Assignment Folder)

This assignment must be completed using APA format and using the information given in the attachments

Unformatted Attachment Preview

R. Weissman Lucifer Leasing Company 9876 Fifth Ave NW Boca Raton, Florida, 33431 Dear Mr. Weissman, Thank you for showing me the apartment you have for rent. I am interested in leasing from you but have a number of problems with some of the wording of your proposed lease. Listed below are those clauses that would need to be adjusted to eliminate any problems I would have that we keep me from signing the lease. PETS – This clause in the lease will not allow me to keep my pet poodle in the apartment. We discussed this when we went through the apartment and you said you waive this. To make it official this clause would have to be modified. LOREM-ISPM - dolor sit amet, ligula suspendisse nulla pretium, rhoncus tempor placerat fermentum, enim integer ad vestibulum volutpat. Nisl rhoncus turpis est, vel elit, congue wisi enim nunc ultricies sit, magna tincidunt. Maecenas aliquam maecenas ligula nostra, accumsan taciti. Sociis mauris in integer, a dolor netus non dui aliquet, sagittis felis sodales, dolor sociis mauris, vel eu est libero cras. Interdum at. Eget habitasse elementum est, ipsum purus pede porttitor class, ut lorem adipiscing, aliquet sed auctor, imperdiet arcu per diam dapibus libero duis. Enim eros in vel, volutpat nec pellentesque leo, temporibus scelerisque nec. Ac dolor ac adipiscing amet bibendum nullam, massa lacus molestie ut libero nec, diam et, pharetra sodales eget, feugiat ullamcorper id tempor eget id vitae. Mauris pretium eget aliquet, lectus tincidunt. Porttitor mollis imperdiet libero senectus pulvinar. Etiam molestie mauris ligula eget laoreet, vehicula eleifend. Repellat orci eget erat et, sem cum, ultricies sollicitudin amet eleifend dolor nullam erat, malesuada est leo ac. Varius natoque turpis elementum est. Duis montes, tellus lobortis lacus amet arcu et. In vitae vel, wisi at, id praesent bibendum libero faucibus porta egestas, quisque praesent ipsum fermentum placerat tempor. Curabitur auctor, erat mollis sed fusce, turpis vivamus a dictumst congue magnis. Aliquam amet ullamcorper dignissim molestie, sed mollis. Tortor vitae tortor eros wisi facilisis.Consectetuer arcu ipsum ornare pellentesque vehicula, in vehicula diam, ornare magna erat felis wisi a risus. Justo fermentum id. Malesuada eleifend, tortor eros. Lorem ipsum dolor sit amet, ligula suspendisse nulla pretium, rhoncus tempor placerat fermentum, enim integer ad vestibulum volutpat. Nisl rhoncus turpis est, vel elit, congue wisi enim nunc ultricies sit, magna tincidunt. Maecenas aliquam maecenas ligula nostra, accumsan taciti. Sociis mauris in integer, a dolor netus non dui aliquet, sagittis felis sodales, dolor sociis mauris, vel eu est libero cras. Interdum at. Eget habitasse elementum est, ipsum purus pede porttitor class, ut lorem adipiscing, aliquet sed auctor, imperdiet arcu per diam dapibus libero duis. Enim eros in vel, volutpat nec pellentesque leo, temporibus scelerisque nec. Ac dolor ac adipiscing amet bibendum nullam, massa lacus molestie ut libero nec, diam et, pharetra sodales eget, feugiat ullamcorper id tempor eget id vitae. Mauris pretium eget aliquet, lectus tincidunt. Porttitor mollis imperdiet libero senectus pulvinar. Etiam molestie mauris ligula eget laoreet, vehicula eleifend. Repellat orci eget erat et, sem cum, ultricies sollicitudin amet eleifend dolor nullam erat, malesuada est leo ac. Varius natoque turpis elementum est. Duis montes, tellus lobortis lacus amet arcu et. In vitae vel, wisi at, id praesent bibendum libero faucibus porta egestas, quisque praesent ipsum fermentum placerat tempor. Curabitur auctor, erat mollis sed fusce, turpis vivamus a dictumst congue magnis. Aliquam amet ullamcorper dignissim molestie, sed mollis. Tortor vitae tortor eros wisi facilisis.Consectetuer arcu ipsum ornare pellentesque vehicula, in vehicula diam, ornare magna erat felis wisi a risus. Justo fermentum id. Malesuada eleifend, tortor eros.Mla essay format sample tcc Yours truly, Joe/Jane College Assignment DQR 100 Written Assignment For this assignment, you must review the apartment lease that is in a file in this chapter folder. Your assignment is to read over this lease and Identify the sections that would be a problem for you as the prospective tenant. To organize your thinking, you must prepare a formal outline of how you will put your essay together. From this outline, you are to prepare a letter to the landlord that explains in your own words why each of the things you identified is a problem for you. You must identify the clause and detail how you would change the items you selected to make the lease acceptable to you. When you complete your evaluation post your letter to the assignment tab. You need to complete this assignment in Microsoft Word or a PDF. No other formats are acceptable. The minimum your letter should contain is: Introduction Body with your comments and suggestions Conclusion Your letter is to be standard margins, double spaced using Times New Roman or Arial 12 point type. Each paper must identify AT LEAST five (5) sections of the lease that are problems. For each of these you will need to give the name of the clause and then make your comments. If you use any outside sources, beyond the attached lease and your personal opinions they should be cited. Your submission must identify at least five problem clauses and be a minimum of four full pages long. (you might have to identify more than five clauses to reach the four page minimum) The assignment is worth 100 points that will be posted in your grade book. You are to post the outline to the outline folder and the essay to this folder. REAL ESTATE LEASE This Lease Agreement (this "Lease") is dated October 01, 2017, by and between Lucifer Leasing Company ("Landlord"), and Joe College ("Tenant"). The parties agree as follows: PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant 3 Room 1 bedroom apartment with 1 1/2 baths (the "Premises") located at: 1234 Fifth Avenue Apt. 3A Boca Raton, FL 33481 No other portion of the building (hereinafter, the Building), wherein the Premises is located is included unless expressly provided for in this agreement. TERM. The lease term will begin on January 01, 20XX and will terminate on December 31, 20XX. See renewal terms paragraph below. MANAGEMENT. The Tenant is hereby notified that Joe Daworker is the property manager in charge of the Property. Should the tenant have any issues or concerns the Tenant may contact Joe Daworker at 561-786-9876 or by mailing a letter to 5678 Ninth Ave, Boca Raton, Florida 33431. LEASE PAYMENTS. Tenant shall pay to Landlord lease payments of $1,455.00, payable in advance on the first day of each month, for a total lease payment of $17,460.00. Lease payments shall be made to Landlord at: Lucifer Leasing Company 9876 Fifth Ave NW Boca Raton, Florida, 33431 which may be changed from time to time by Landlord. SECURITY DEPOSIT. At the time of the signing of this Lease, Tenant shall pay to Landlord, in trust, a security deposit of $1,455.00 to be held and disbursed for Tenant damages to the Premises or other defaults under this Agreement (if any) as provided by law. POSSESSION. Tenant shall be entitled to possession on the first day of the term of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, Tenant shall remove its goods and effects and peaceably yield up the Premises to Landlord in as good a condition as when delivered to Tenant, ordinary wear and tear excepted. USE OF PREMISES/ABSENCES. Tenant shall occupy and use the Premises as a full-time residential dwelling unit. Tenant shall notify Landlord of any anticipated extended absence from the Premises not later than the first day of the extended absence. No retail, commercial or professional use of the Premises is allowed unless the Tenant receives prior written consent of the Landlord and such use conforms to applicable zoning laws. In such case, Landlord may require Tenant obtain liability insurance for the benefit of Landlord. The failure to abide by the provisions of this section shall constitute a material breach of this Agreement and is a just cause for eviction. OCCUPANTS. No more than 1 person(s) may reside on the Premises unless the prior written consent of the Landlord is obtained. Authorized Tenants/Occupants: Joe College This Lease and occupancy of the premises is binding, individually and severally, on each person(s) specifically named and who signs this Lease, regardless of the named person's occupancy of the Premises. Tenant may have guests on the Premises for not over 14 consecutive days or 28 days in a calendar year, and no more than two guests per bedroom at any one time. Persons staying more than 14consecutive days or more than 28 days in any calendar year shall NOT be considered original tenants of the Premises. Tenant must obtain the prior written approval of Landlord if an invitee of Tenant will be present at the Premises for more than 14 consecutive days or 28 days in a calendar year. RENEWAL TERMS. This Lease shall automatically renew for an additional period of 12 months per renewal term, unless either party gives written notice of termination no later than 60 days prior to the end of the term or renewal term. The lease terms during any such renewal term shall be the same as those contained in this Lease except that the lease installment payments shall be $1,655.00 per month. PETS. No pets, dogs, cats, birds, fish or other animals shall be allowed on the Premises, even temporarily or with a visiting guest. As required by law, Service Animal(s) are the only exception to this rule. Strays shall not be kept or fed in or about the Premises. Strays can be dangerous and Owner must be notified immediately of any strays in or about the Premises. KEYS. Tenant will be given 2 key(s) to the Premises and 1 mailbox key(s). If all keys are not returned to Landlord following termination of the Lease, Tenant shall be charged $50.00 per missing key. Tenant is not permitted to change any lock or place additional locking devices on any door or window of the Premises without Landlords approval prior to installation. If allowed, Tenant must provide Landlord with keys to any changes lock immediately up installation. LOCKOUT. If Tenant becomes locked out of the Premises, Tenant will be charged $500.00 to regain entry. STORAGE. No additional storage space outside the Premises is provided or authorized by this Lease. PARKING. Tenant shall be entitled to use 1 parking space(s) for the parking of motor vehicle(s). The parking space(s) provided is identified as Space number 27. The monthly charge for the parking space(s) is included in the lease payment. Absolutely NO automotive cleaning, washing, maintenance or repair work of any kind and NO storage of any kind shall be permitted in or about the parking space(s). MAINTENANCE. Landlord shall have the responsibility to maintain the Premises in good repair at all times and perform all repairs necessary to satisfy any implied warranty of habitability except that Tenant will be responsible for: In house plumbing and filters for air conditioner. Except in an emergency, all maintenance and repair requests must be made in writing and delivered to Landlord or its Agent. A repair request will be deemed permission for the Landlord or its Agent to enter the Premises to perform such maintenance or repairs in accordance with ACCESS BY LANDLORD TO PREMISES herein unless otherwise specifically requested, in writing, by Tenant. Tenant may not place any unreasonable restrictions upon Landlords or Landlords Agents access or entry. Landlord shall have expectation that the Premises is in a safe and habitable condition upon entry. UTILITIES AND SERVICES. Tenant shall be responsible for all utilities and services incurred in connection with the Premises. TAXES. Taxes attributable to the Premises or the use of the Premises shall be allocated as follows: REAL ESTATE TAXES. Landlord shall pay all real estate taxes and assessments for the Premises. PERSONAL TAXES. Landlord shall pay all personal taxes and any other charges which may be levied against the Premises which are attributable to Tenant's use of the Premises, along with all sales and/or use taxes (if any) that may be due in connection with lease payments. PROPERTY INSURANCE. Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. OTHER. Tennant will be charged $250 for each time other building occupants complain about behavior. NON-SUFFICIENT FUNDS. Tenant shall be charged $75.00 as reimbursement of the expenses incurred by Landlord for each check that is returned to Landlord for lack of sufficient funds. In addition, a check returned due to insufficient funds will be subject to any and all Late Payments provisions included in this lease. All charges will be immediately due from Tenant and failure to make immediate payment will constitute a default under the terms of this Lease. Landlord reserves the right to demand future payments by cashier's check, money order or certified funds on all future payments in the event of a check returned for insufficient funds. Nothing in this paragraph limits other remedies available to the Landlord as a payee of a dishonored check. Landlord and Tenant agree that three returned checks in any twelve month period constitutes frequent return of checks due to insufficient funds and may be considered a just cause for eviction. LATE PAYMENTS. For each payment that is not paid within 5 days after its due date, Tenant shall pay a late fee of $15.00 per day, beginning with the day after the due date. DEFAULTS. Tenant shall be in default of this Lease if Tenant fails to fulfill any lease obligation or term by which Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenant fails to cure any financial obligation within 5 days (or any other obligation within 10 days) after written notice of such default is provided by Landlord to Tenant, Landlord may elect to cure such default and the cost of such action shall be added to Tenant's financial obligations under this Lease. All sums of money or charges required to be paid by Tenant under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent". The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law. TERMINATION UPON SALE OF PREMISES. Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon 45 days' written notice to Tenant that the Premises have been sold. TERMINATION CLAUSE. Tenant may, upon 90 days' written notice to Landlord, terminate this lease provided that the Tenant pays a termination charge equal to 3 months' rent or the maximum allowable by law, whichever is less. Termination will be effective as of the last day of the calendar month following the end of the 90 day notice period. Termination charge will be in addition to all rent due up to the termination day. MILITARY TERMINATION CLAUSE. In the event, the Tenant is, or hereafter becomes, a member of the United States Armed Forces on extended active duty and hereafter the Tenant receives permanent change of station orders to depart from the area where the Premises are located, or is relieved from active duty, retires or separates from the military, or is ordered into military housing, then in any of these events, the Tenant may terminate this lease upon giving thirty (30) days written notice to the Landlord. The Tenant shall also provide to the Landlord a copy of the official orders or a letter signed by the tenant's commanding officer, reflecting the change, which warrants termination under this clause. The Tenant will pay prorated rent for any days (he/she) occupy the dwelling past the first day of the month. Any security deposit will be promptly returned to the tenant, provided there are no damages to the premises. DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed by fire or other casualty to an extent that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $5,000.00, Landlord shall repair the Premises and a just proportion of the lease payments shall abate during the period of the repair according to the extent to which the Premises have been rendered un-tenantable. However, if the damage is not repairable within sixty days, or if the cost of repair is $5,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days' written notice of such event or condition by either party and any unearned rent paid in advance by Tenant shall be apportioned and refunded to it. Tenant shall give Landlord immediate notice of any damage to the Premises. HABITABILITY. Tenant has inspected the Premises and fixtures (or has had the Premises inspected on behalf of Tenant), and acknowledges that the Premises are in a reasonable and acceptable condition of habitability for their intended use, and the agreed lease payments are fair and reasonable. If the condition changes so that, in Tenant's opinion, the habitability and rental value of the Premises are adversely affected, Tenant shall promptly provide reasonable notice to Landlord. HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord lease payment(s) during the Holdover Period at a rate equal to the normal payment rate set forth in the Renewal Terms paragraph. CUMULATIVE RIGHTS. The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law. REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall be allowed to conduct construction or remodeling (at Tenant's expense) only with the prior written consent of the Landlord which shall not be unreasonably withheld. At the end of the lease term, Tenant shall be entitled to remove (or at the request of Landlord shall remove) any such fixtures, and shall restore the Premises to substantially the same condition that existed at the commencement of this Lease. ACCESS BY LANDLORD TO PREMISES. Subject to Tenant's consent (which shall not be unreasonably withheld), Landlord shall have the right to enter the Premises to make inspections, provide necessary services, or show the unit to prospective buyers, mortgagees, tenants or workers. Landlord will provide reasonable notice of its intention to enter the Premises. If Tenant has, after written notice to cease, continued to deny Owner access to the unit, as required by State law, such failure is a substantial breach of this agreement and is a just cause for eviction. However, Landlord does not assume any liability for the care or supervision of the Premises. As provided by law, in the case of an emergency, Landlord may enter the Premises without Tenant's consent. During the last three months of this Lease, or any extension of this Lease, Landlord shall be allowed to display the usual "To Let" signs and show the Premises to prospective tenants. INDEMNITY REGARDING USE OF PREMISES. To the extent permitted by law, Tenant agrees to indemnify, hold harmless, and defend Landlord from and against any and all losses, claims, liabilities, and expenses, including reasonable attorney fees, if any, which Landlord may suffer or incur in connection with Tenant's possession, use or misuse of the Premises, except Landlord's act or negligence. Tenant hereby expres ...
Purchase answer to see full attachment
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Attached.

Landlord (Insert Name)

Lucifer Leasing Company
9876 Fifth Ave NW
Boca Raton, Florida, 33431

Dear Mr./Mrs. Landlord,
I am grateful for the apartment that you showed me for rent. Besides being attractive, the
apartment seemed comfortable and conducive to stay in. As a student, it will be easier for me to
carry out my academic programs alongside other personal activities conveniently and effectively.
i am ready to lease the apartment from you; however, I would like a series of changes to be made
to some of the clauses in the leasing proposal that you presented to me. As such, my stay in the
apartment will be smooth and enjoyable all through. In the list below, clauses that need slight
adjustments to stop me from not signing the lease are highlighted in-depth.
PARKING: I realized this clause limits me on the number of cars that I will be parking
within your apartment. As i hinted while we were going around the apartment last time, I have
three cars which I will be using during my stay in the apartment. However, one can be left within
the college premises because they have no issue with it. If an extra parking lot could be provided,
it will be a great privilege that will allow me to operate conveniently from the apartment. The
safety of my cars is essential as they are necessary for my everyday activities. Considerably, I will
be staying in the apartment for about four years. This means that it will be essential for me to
ensure that all my needs are put in place and taken care of.

Notably, as mentioned above, it can be difficult to enforce the change. However, not every
tenant in the apartment owns a car. Therefore, y...

New York University

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.

Anonymous
Thank you! Reasonably priced given the quality

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Similar Questions
Related Tags