Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of

image text in transcribed

Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of $24,000 per year; the rent is payable at the end of the each year. the lease is for a 10 year period. Upon the following events, which occur more than one year after the lease is signed, what are the results: To L if L sells the right to the rents on both parcels, prior to any rental payments being due or paid, to a third party for $20,000? To L if T pays L $20,000 to cancel the leases on both parcels? To T if T pays T $20,000 to cancel the leases on both parcels? To T, if after subleasing one of the parcels of land to S for $1200 per month for a five year period, S pays T $10,000 for all T's rights in the lease on that parcel and L releases T from the lease and accepts S as the new tenanat? To T if S subleases one parcel of land from T at $1200 per month for the remainder of T's ten year period? Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of $24,000 per year; the rent is payable at the end of the each year. the lease is for a 10 year period. Upon the following events, which occur more than one year after the lease is signed, what are the results: To L if L sells the right to the rents on both parcels, prior to any rental payments being due or paid, to a third party for $20,000? To L if T pays L $20,000 to cancel the leases on both parcels? To T if T pays T $20,000 to cancel the leases on both parcels? To T, if after subleasing one of the parcels of land to S for $1200 per month for a five year period, S pays T $10,000 for all T's rights in the lease on that parcel and L releases T from the lease and accepts S as the new tenanat? To T if S subleases one parcel of land from T at $1200 per month for the remainder of T's ten year period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Crm

Authors: Bryan Bergeron

1st Edition

0471206032, 978-0471206033

More Books

Students also viewed these Accounting questions

Question

When is it appropriate to use a root cause analysis

Answered: 1 week ago