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Finance & Accounting
Pages 3 (753 words)
Name: Instructor: Task: Date: Lease As a tenant of Lucifer Leasing Company, I will experience several problems emanating from Real Estate Lease. Some of the problems will emanate from Premises and its usage, management of property, security deposit, pets, storage, taxes and maintenance…
The first item that appears uncomfortable is leasing the bedroom apartment because I am not allowed to use any other part of the premise. Flexibility should be enhanced to all tenants by the proprietor in terms of using other sections of the premises (Jacobus 282). Another problem in the lease is that the contract runs for a year. As a tenant, I have no flexibility in terms of terminating the contract before the stipulated period. Moreover, the property manager, who is Joe Daworker, is responsible for handling issues concerning use of premises. A problem may arise making me want to talk directly to the owner of the premises. As a tenant, I feel that 1,455 US dollars is a lot of money to be paid to the proprietor within a single day because security deposit is to be paid during the signing of lease contract. The security deposit should be paid in installments because there is no guarantee that I will damage any part of the premises as a tenant. Another problem arises from possession of the premises as outlined in lease contract. Since I will be entitled to possess the premises on the first day of signing the contract, I feel that the proprietor should also be responsible in ensuring the well-being of all tenants. This should involve carrying out maintenance and repairs of the one bedroom apartment during my stay in the premises. ...
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