Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You sign a 12 months lease for a one bedroom unit with the rent payable weekly. The lease contains a clause which says any late
You sign a 12 months lease for a one bedroom unit with the rent payable weekly. The lease contains a clause which says any late payment of the rent incurs a penalty charge of 50%. If a court decides this is excessive and rewrites the clause to make it 10% this would be an example of what type of remedy?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started