...January 11, 2009 Mr. John Doe 1111 Mc Graw street San Diego Ca, 92117 Re: Demand for Payment Dear Mr. Doe: Please be advised that you owe me the sum of $700.00 because the laws of Calirfornia regarding renters rights prohibit a landlord fron witholding money from a security deposit except for the following reasons:1) For unpaid rent;2) For cleaning the rental unit when the tenant moves out, but only to make the unit as clean as it was when the tenant first moved in,3) For repair of damages, other than normal wear and tear, caused by the tenant or the tenant's guests; and 4) If the lease or rental agreement allows it, for the cost of restoring or replacing furniture, furnishings, or other items of personal property (including keys), other than because of normal wear and tear.Due to the fact that the rented room was left in better condition than when I moved in, none of the above holds true. This will be your only chance to settle this matter before I file suit against you in Small Claims Court. I am agreeable to a lump sum payment, or to a payment plan. Please contact me on or before January 16, 2009 for purposes of settling this matter. If I do not hear from you on or before January 16, 2009, I will file a lawsuit against you without further notice. It is in your best interest to settle this matter before a lawsuit is filed. If a judgment is obtained against you, it will negatively affect your ability to get credit, you will be ordered to pay court costs...
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...September 14, 2013, by and between John Berleen and Jennifer Berleen ("Landlord"), and Amy Ammerman ("Tenant"). The parties agree as follows: PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant a two-bedroom house with one full bath (the "Premises") located at 1029 3rd St, Webster City, Iowa 50595. 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 October 01, 2013 and will terminate on September 30, 2014, and thereafter shall be month-to-month on the same terms and conditions as stated herein, save any changes made pursuant to law, until terminated. MANAGEMENT. The Tenant is hereby notified that John Berleen is the property manager in charge of the Property. Should the tenant have any issues or concerns the Tenant may contact John Berleen at 3192128268 or by mailing a letter to 3231 Stratford Ln Sw, Cedar Rapids, Iowa 52404. LEASE PAYMENTS. Tenant shall pay to Landlord lease payments of $400.00, payable in advance on the first day of each month, for a total lease payment of $4,800.00. Lease payments shall be made to Landlord at 3231 Stratford Ln SW, Cedar Rapids, Iowa, 52404 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 $400.00 to be held and disbursed...
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...Landlord tenant laws, are all state laws the same? The purpose of this paper is to develop an understanding of landlord tenant laws and make a comparison between several states. The majority of the information used in this paper will come from the States of Ohio, West Virginia, and Pennsylvania. However, there are some court cases from other states that will be examined as well. The most important thing for all parties involved to understand is exactly what is expected of them and for these expectations to be defined in a formal document called a lease. A lease is a formal legal document outlining the terms under which one party agrees to rent property from another party. [1] A lease is designed to protect both the landlord and the tenant and serve as a legal binding contract depicting each parties responsibilities. In addition to a lease most state and local governments have requirements that need to be met called standard living conditions. For the most part these living conditions are similar from state to state. In some instances cities have code enforcers who do inspections on homes once they become vacant. Generally this inspection consists of a walkthrough of the apartment or house while it is vacant to ensure that the property meets standard living conditions. Some items that are inspected are windows, doors, handrails on stairs, working heating system and hot water. A person living in the state of West Virginia has the right to live in decent housing...
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...BRIEF BACKGROUND OF COMPANY * ABC Inc. entered into an agreement with Landlord LLC to lease 40% of a building located in San Francisco. In addition, ABC Inc. wanted to make a improvements to the lease building to meet ABC's design specifications. The tenant improvements are for general purpose, but structural. The total estimated budget for tenant improvements is about $37 million * ABC and Landlord made a "work letter" show the details of the tenant improvements construction: * The lease start at 09/30/2010. The original lease term extends for 7 years from the inception date. In addition, the lease contains two 5-year renewal options, the first at 95% of fair value at the time of renewal. * The estimated budget for the TIs specified by ABC is approximately $37 million. The Landlord agreed to fund up to a total of $13 million for the TI construction as a tenant incentive. * The Landlord is overseeing the construction and directly pay all of the TI costs and will also invoice ABC for any amount over their agreed upon contribution amount. * Based on ABC’s design specification and agreed to deliver the facility in two phases, the first of which is targeted to be completed by Q3 2011 for approximately 250,000 square feet, and the second of which is targeted to be in Q4 2011 for approximately 50,000 square feet. * BC is not required or permitted to remove any of the TIs being constructed at the termination of the lease per the lease agreement...
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...(this "Lease") is dated December 01, 2011, by and between Keith Lampkins ("Landlord"), and Adrian Marsh ("Tenant"). The parties agree as follows: PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant two bedrooms and a bath; access to living areas and kitchen. (the "Premises") located at 15764 Tern Road, Victorville, California 92394. 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 December 01, 2011 and will terminate on July 01, 2012, and thereafter shall be month-to-month on the same terms and conditions as stated herein, save any changes made pursuant to law, until terminated. LEASE PAYMENTS. Tenant shall pay to Landlord initial monthly base lease payments of $200.00, payable in advance on the first day of each month, for a total lease payment of $1,400.00. Lease payments shall be made to Landlord at 15764 Tern Road, Victorville, California, 92394 which may be changed from time to time by Landlord. Tenant agrees to submit payment of all lease payments by personal check, cashiers check, or money order. No cash payments will be accepted. In the event of roommates, or another form of joint or multiple occupancy, Tenant will be responsible for collecting payment from all parties and submitting a single payment to Landlord. Tenant is responsible for any payment made by mail and not received by the...
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...UNIVERSITY OF NAIROBI MANAGEMENT OF RESIDENTIAL RENTAL PREMISES. (CASE STUDY:NAIROBI-WEST) BY MURIITHI DAVIES MUGOH B04/23097/2008 A PROJECT PAPER SUBMITTED IN PARTIAL FULFILMENT FOR THE AWARD OF BACHELOR OF ARTS IN LAND ECONOMICS DEGREE IN THE DEPARTMENT OF REAL-ESTATE AND CONSTRUCTION MANAGEMENT UNIVERSITY OF NAIROBI MAY, 2012. DECLARATION I, MURIITHI DAVIES MUGOH, hereby declare that this project is my original work and has not been presented for a degree in any other University. Signed…………………….. Date……………………………… MURIITHI DAVIES MUGOH DECLARATION OF THE SUPERVISOR This research has been submitted for examination with my approval as a university supervisor. Signed……………………… Date………………………………….. Mr. NIKKY NZIOKI DEDICATION I dedicate this work to my parents Mr. and Mrs. Muriithi who has patiently borne my education expenses right from primary school to the University and gave me continuous support & encouragement throughout my academic life. My siblings Faith Njoki, Peninah Njoki and Dennis Ragoi, thanks for being there for...
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...STANDARD LETTER FOR TENANTS From:PETER COCHRANE & ELIZABETH SCOTT PATERSON T/A MANSE PROPERTIESInsert name and address of landlord | To:MELANIE FEBRER, 46 BARGATE COURT, BARRACH STREET, NORWICH NR31TWInsert name and address of tenant | Concerning your tenancy of the following house:12 WESTFIELD PLACE, DUNDEE DD1 4JUInsert address of house | This is to inform you, as the tenant of the house described above, that Chapter 4 of Part 1 of the Housing (Scotland) Act 2006 applies in its entirety to your tenancy. This letter summarises the main effects of Chapter 4 on your tenancy. I/we, as the landlord (or an authorised person), must carry out a pre-tenancy inspection of the house to identify work required to meet the Repairing Standard and must notify you of any such work. I/we must ensure that the house meets the Repairing Standard at the start of, and at all times during, the tenancy. This duty applies only when you, as the tenant, inform me/us of work needed to meet the Repairing Standard (or I/we become aware of it in some other way). You should therefore notify me/us of any work required. I/we must complete that work within a reasonable time of becoming aware of it. A house meets the Repairing Standard if the following conditions are met: • the house is wind and water tight and reasonably fit for human habitation (taking account of the extent to which the house falls short of any building regulations, because of disrepair or sanitary defects); ...
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...July 22 1. The subject tenant has agreed to renovate the premises for the new tenancy term (5 years) and has signed back the renewal offer letters but requested amendment of the S & R clause so that the termination notice cannot be served by the Landlord within the 1st 36 months of the TCD & that the notice period shall be 6 months instead of 3 months. 2. After several rounds of negotiations, the tenant finally proposed the following terms: a) Renew for 2 years term at $78,000.00 / mth (exclusive) i.e. 7.23% > previous effective rent. b) No amendment for the S & R clause. c) No renovation work for the renewal term. 3. In order to retain this reputable chain store and to maintain the occupancy and rental income for the mall, we recommend RAC to accept the above offer. 4. Central A/C time shall be NIL since there is no A/C provided by the Landlord to the premises. We would like to seek RAC's approval for the following items : 1. A renewal term of 2 years at $78,000.00 / month (exclusive) or 10% GST whichever is the higher; 2. Total cash deposit shall be $308,496.00 ; 3. Central A/C time shall be NIL from Monday to Sunday for the notification form 30 Oct Offer letter is signed back. We seek your approval for converting into normal tenancy. 2. According to the previous T.A, the deposit should be HKD$218,212.50 Bank Guarantee + HKD$90,283.50 in cash,instead of all deposit in cash, we seek your approval for the above issue and converting into normal...
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...Apartment • Apartment: a relatively self-contained housing unit in a building which is often rented out to one person or a family, or two or more people sharing a lease in a partnership, for their exclusive use. Sometimes called a flat or digs (slang). Some locales have legal definitions of what constitutes an apartment. In some locations, "apartment" denotes a building that was built specifically for such units, whereas "flat" denotes a unit in a building that had been originally built as a single-family house, but later on subdivided into some multi-unit house type.[5] • Apartment building, Block of flats: a multi-unit dwelling made up of several (generally four or more) apartments. Contrast this with the two-family house and the three-family dwelling. An apartment (in US English) or flat (in British English and often associated with or miscontrued as social housing) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building. Such a building may be called an apartment building, especially if it consists of many apartments for rent. Apartments may be owned by an owner/occupier or rented by tenants (two types of housing tenure). The term apartment is favored in North America, whereas the term flat is commonly, but not exclusively, used in the United Kingdom, Hong Kong and most Commonwealth countries. In Malaysian English, flat often denotes a housing block of lesser quality meant for lower-income groups, while apartment...
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...______________________________ hereinafter referred to as "Landlord" and _____________________________, hereinafter referred to as "Tenant". 1. Landlord leases to Tenant and Tenant leases from Landlord, upon the terms and conditions contained herein, the dwelling located at _____________________________________________ for the period commencing on the _____ day of __________,20 ___, and thereafter until the _____ day of _____________, 20 ___, at which time this Lease Agreement shall automatically renew each year unless terminated in writing. The Tenant is required to give the Landlord in writing a notice 1 month (30 days) in advance of his/her moving. Notice must be given on the first day of a month. If notice is given after the first day of the month, the 1 month (30 day) notice will not start until the following month. (The notice must be one full calendar month starting on the first day of a month.) Rent may be increased at any time after first year and the security deposit cannot be used for rent. 2. Tenant shall pay as rent the sum of $ ____________ per month, due and payable monthly, in advance, no later than 5:00 p.m. by the fifteenth day of every month. Tenant further agrees to pay a late charge of $___________ for each day rent is not received after the forth of the month to the Landlord regardless of the cause, including dishonored checks, time being of the essence. An additional Service Charge of $_____________ will be paid to Landlord for all dishonored checks. 3. As an incentive...
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...AIR 61 J&K 39; Bakshi Sachdev v. Concord, 1993 RLR 563; Shyam Chran v. Sheoji Bhai, AIR 1977 SC 2270; Ram Pasricha v. Jagnnath, AIR 1976 SC 2335; Pooran Chand v. Motilal, AIR 164 SC 461; Union of India v. RR Hingorani, 1987 1 SCC 551; Atyam Veerraja v. Pechatti Venkanna, AIR 166 SC 629 Case Note: Interpretaion of documents - Lease deed-period of lease can not be infinite by mere provision of renewal every three years when lease was for specific period. Tort - Damages/mesne profits-for illegal occupation of premises after tenancy came to an end after efflux of time-can be granted at a higher rate provided it is not penal or unconscionble-market rate proved by oral evidence-damages granted. Title - Challange to the title of Landlord-can not be made by a tenant in a suit for possession, in view of Section 116 of Evidence Act. Transfer of Property Act- Section 106--notice under-is not required where the tenancy stood terminated by efflux of time. FACTS: (1) The facts set out in the plaint are that the plaintiff is the owner of the properly knownasflatNo.9-B,Hansalaya Building, 15,BarakhambaRoad,NewDelhi-l 10001. The aforementioned premises, which has a covered area of 1333 sq. ft. on the 9th floor in Hansalaya Building, as marked "B" in the plan was let out by the plaintiff to the defendant as monthly tenant initially at the rate of Rs.5.50 per ft. per month i.e. Rs.7331.50 per month from 30.4.1976 on the terms reduced in writing vide registered...
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...Property Management Can anyone here tell me what the role of a property manager is? Madam Toastmaster, ladies & gentlemen. My name is ____________ and I am currently employed as a property manager at a local real estate agency. I manage almost 300 rental properties and have a great team backing me up Tonight I would like to share with you a very small part of what is involved in property management. While my responsibilities vary from property to property, I have to maintain a few basic skills such as good time management, good people skills and an eye for detail. When you are looking after almost 300 properties, these skills are essential. I would like to talk to you tonight about 3 important steps I need to follow when a new tenancy commences 1. Finding & screening new tenants 2. Completing an entry condition report for the property 3. Managing tenants and their needs FINDING & SCREENING NEW TENANTS Tenants are the vital lifeline of any rental property because no tenant means no rental income for an owner. Part of my role as a property manager is to effectively advertise rental properties and in turn find an appropriate tenant. When a prospective tenant comes into the office, I have a critical task at hand screening the potential tenant. This is a 2 step process. Step 1 involves showing any interested tenants around the rental property. While I am doing this I need to find out as much as I can about them. I want to make sure they are suited...
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...AirBnB.com – What’s the big deal? Air BnB is a growing online service which facilitates the availability and marketing of, generally, residential accommodation as tourist accommodation. Airbnb defines itself as a “social website that connects people who have space to spare with those who are looking for a place to stay". The site has been the subject of much debate around its creation of a sharing economy for tourist accommodation which may avoid taxes, expose guests to undue risks, and broadly have a negative impact on legitimate tourist accommodation. The last of these is a real concern as the site lists accommodation under three primary types: 1. “Entire place” – basically a holiday home or unit generally 2. “Private Room” – similar to B & B style accommodation 3. “Shared room” – similar concept / style to a sort of private backpacker accommodation However, by industry practice Air BnB equates to an OTA or booking engine in style and seemingly focuses and attracts micro accommodation providers covering many traditional styles but also simply free bed space (being the original concept). Indeed the term micro-hotel has cropped up a lot lately in line with the service. Basically it facilitates turning homes into tourist accommodation – a lot like a B & B or Holiday Home – so what’s the big deal? AirBnB charge guests a 9-12% service fee every time a reservation is booked, depending on the length of the reservation, and they charge hosts a 3% service...
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...This case involves Peter Poyck verses Stan and Michelle Bryant. Poyck was an owner and landlord of a condominium unit, No. 5-D, located in a building at 22 West 15th Street, New York City. Poyck leased his unit to the Bryants and after three years of the tenants living there; they decided to sign another two-year lease. A few months into the new lease, new neighbors moved in next-door, unit No. 5-C. The new neighbors were smokers and constantly smoked in the fifth floor hallway, a common area, and in their apartment. The secondhand smoke penetrated into the Bryants unit causing them to complain to the building’s superintendent. The superintendent spoke with the smokers, but they refused to listen. The smoking continued so the Bryants decided to contact their landlord, Poyck, to see if he could rectify the issue. Poyck took no action; therefore, the Bryants vacated the premises with sixteen months still left on their lease. Poyck, the plaintiff, sued the Bryants, the defendants, for the unpaid rent. The Bryants argued that the secondhand smoke breached the implied warranty of habitability and thus caused constructive eviction. Constructive eviction is used in the law of real property to describe a circumstance in which the landlord does something or fails to do something that he has a legal duty to provide rendering the property uninhabitable. The landlord made a motion to strike the Bryants’ defense of breach of the implied warranty of habitability and constructive...
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...Executive summary The concept of this report is about marketing intervention, which is the price ceiling and price floors. Price ceiling is actually set below the equilibrium price by lowering the price of the goods so that consumers can be able to afford the goods, then price floors which is set above the equilibrium price by increasing the price of some goods in order to protect the interest of some certain producers, and also to see the efficiency and inefficiency of both the price ceiling and price floors. Efficiency which is the economics allocating there resources in a good manner for example government rent control policy and inefficiency, is when the resources are not proper allocated an its example which is the black market and then some graphs that represent the price ceiling and price floors with their explanations and then lastly the real world example of price ceiling and evaluating the effective policy. Price ceiling and price floor are both price controls and also for government to interfere in the free market that changes the market equilibrium price. Price ceiling basically happens when the government puts a legal limits on how high a product price can be and it also disallow prices to exceed a certain maximum that causes shortages in order to be affordable by the consumers, there will be a shortage of goods when ever the price is set below the market price, in this situation demand will be higher or supply will be shortage because consumers will be demanding...
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