Question
The Lease contains the following 2 paragraphs: Sixth: that the lessee will, at his sole cost and expense, comply with all the requirements of all
The Lease contains the following 2 paragraphs:
Sixth: that the lessee will, at his sole cost and expense, comply with all the requirements of all Municipal, state, and federal authorities now enforced, or which may hereafter be enforced, pertaining to the said premises, occasioned by or affecting the use to which said premises have been, are being, or are to be put by the Lessee and will faithfully observe in the use of the premises Municipal ordinance and state and federal statutes now in force or which may hereafter be enforced.
Twenty-Second: The parties agreed that the lessee leases the premises in end quote as his clothes quote condition and the less he may at its own expense, make exterior and interior alterations, repairs and improvements to the demised premises, including windows and doors and including but not limited to the installation of trade fixtures, ceilings, lighting fixtures, removable partitions and interior decorations.
Question 1: Considering these two paragraphs in the lease, why did the trial court let Williams out of the lease on the basis of mistake regarding the repairs necessary to meet the building code?
Question 2: Considering the result of the case, would you advise Williams to have done anything different at the time Williams was contemplating leasing the second floor for a restaurant and bar?
REED v. KING (Page 304 of the Textbook)
Question 3: Is there some significance to the fact that King told the neighbors not to disclose the murders to the new purchaser?
Question 4: How do you think Reed will be able to prove the market value of the house at the time the purchase was $65,000?
Question 5: If Reed wasn't comfortable living in the house because of the murders, should she be able to rescind the purchase by giving the title back and getting her $76,000 back? Would you feel comfortable living in this house?
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