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UNI'vERSITY PROPERTY LEASING (UPL) does business by leasing single-family homes, minimizing the upkeep on them: and then renting them to students who attend college
UNI'vERSITY PROPERTY LEASING (UPL) does business by leasing single-family homes, minimizing the upkeep on them: and then renting them to students who attend college in the same city. The paragraphs below describe part of the acquisitions cycle for UPL only deals in single-family houses in its home city: never in multiple unit dwellings. All of its 'homes away from home" are houses leased from their present ouners by UPL employees who are called SL-agents_ Lease contracts negotiated by these agents always deal u.ith just one house: and the leases may last 3-5 years. Each lease is negotiated by one SL-agent_ All houses are in the same city and have unique street addresses. Every house is also given a single neighborhood designation by UPL depending upon ivhere it is located. Sample neighborhoods are ' 'Walden:" ' Heights" (few UPL houses): and "the Depths" (many UPL houses). Those houses not associated with a traditional neighborhood are given a designation of either ' 'downtown" or the "outskirts:" depending upon their location distance from the center of the city. Information on houses is not entered into the database until a lease for them has been contracted; information on neighborhoods is entered into the database as soon as LTL determines that a new one exists (such as would happen when on a new subdivision is being built) UPL determines its ultimate rental rates to its student customers by considering such matters as lot-size and number-of-bedrooms for each house: so it tracks data like that carefillly_ Additionally: each house is given a monthly rental surcharge which depends solely upon its neighborhood designation. These monthly surcharges range from very high (The Heights) to very low (The Depths): but every house has one associated with it, and all houses in a particular neighborhood hme the same surcharge Many I_.TPL lessors oun multiple houses which they lease to the company, but each house has only one ouner_ Payments to owners are not handled by SL-agents: but by cashiers u.ho are actually a much duller class of employees than the flamboyant agents who in their ability to wheel and deal real estate at the expense of both ouners and students Cashiers are bonded for security purposes: and cashiers never become agents (or vice- versa). Payments to lessors are done by checks which are drawn from company cash accounts. The check numbers used from each account are unique to that account: but they do duplicate across accounts (for example, there can be a check *100 drawn from account A- 12 and another check #100 draun from account A-16)_ There are some UPL cash accounts from which checks are never written. Checks are also used to discharge other obligation of the company: such as advertising and taxes. Checks are sent to lessors on a schedule determined by one of three lease payment options that are negotiated by the agents: (1) each month: (2) every six months: and (3) every year. Most leases do not require any kind of a payment at contract signing time. When multiple lease payments are due to the same lessor during the same month (because UPL is leasing more than one property from that person): cashiers simply disburse one check. Information concerning both employees and lessors is put into the database as soon as it is known without waiting for any transactions to take place UNI'vERSITY PROPERTY LEASING (UPL) does business by leasing single-family homes, minimizing the upkeep on them: and then renting them to students who attend college in the same city. The paragraphs below describe part of the acquisitions cycle for UPL only deals in single-family houses in its home city: never in multiple unit dwellings. All of its 'homes away from home" are houses leased from their present ouners by UPL employees who are called SL-agents_ Lease contracts negotiated by these agents always deal u.ith just one house: and the leases may last 3-5 years. Each lease is negotiated by one SL-agent_ All houses are in the same city and have unique street addresses. Every house is also given a single neighborhood designation by UPL depending upon ivhere it is located. Sample neighborhoods are ' 'Walden:" ' Heights" (few UPL houses): and "the Depths" (many UPL houses). Those houses not associated with a traditional neighborhood are given a designation of either ' 'downtown" or the "outskirts:" depending upon their location distance from the center of the city. Information on houses is not entered into the database until a lease for them has been contracted; information on neighborhoods is entered into the database as soon as LTL determines that a new one exists (such as would happen when on a new subdivision is being built) UPL determines its ultimate rental rates to its student customers by considering such matters as lot-size and number-of-bedrooms for each house: so it tracks data like that carefillly_ Additionally: each house is given a monthly rental surcharge which depends solely upon its neighborhood designation. These monthly surcharges range from very high (The Heights) to very low (The Depths): but every house has one associated with it, and all houses in a particular neighborhood hme the same surcharge Many I_.TPL lessors oun multiple houses which they lease to the company, but each house has only one ouner_ Payments to owners are not handled by SL-agents: but by cashiers u.ho are actually a much duller class of employees than the flamboyant agents who in their ability to wheel and deal real estate at the expense of both ouners and students Cashiers are bonded for security purposes: and cashiers never become agents (or vice- versa). Payments to lessors are done by checks which are drawn from company cash accounts. The check numbers used from each account are unique to that account: but they do duplicate across accounts (for example, there can be a check *100 drawn from account A- 12 and another check #100 draun from account A-16)_ There are some UPL cash accounts from which checks are never written. Checks are also used to discharge other obligation of the company: such as advertising and taxes. Checks are sent to lessors on a schedule determined by one of three lease payment options that are negotiated by the agents: (1) each month: (2) every six months: and (3) every year. Most leases do not require any kind of a payment at contract signing time. When multiple lease payments are due to the same lessor during the same month (because UPL is leasing more than one property from that person): cashiers simply disburse one check. Information concerning both employees and lessors is put into the database as soon as it is known without waiting for any transactions to take place
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