Task Perfomace

In

Business Law

1. If you were a lawyer and the lessee consulted you about it, what would be your assessment
of the contract? Give your advice to the lessee.
- If I were a lawyer, I would look over the contract and the parties' understanding. There is
a problem with the payment. The lessee pays the rent as agreed, but he or she is not an
occupant. And the lessor is insignificant, which is against the law. I advise the lessee to
think before paying, and if I am questioned about my assessment, I will inform the lessee
that the agreement is in good shape, but some problems must be remedied.

Points in making this agreement in good from:

First and foremost, I believe the lease agreement fulfilled the basic conditions for a lease
agreement. Most, but not all, leases must be in writing to be considered genuine. To be
legitimate, the property must be described. The property's physical address is
considered a valid description, and it is noted in the agreement. The leasing agreement
also defines the start and end dates. The amount of rent due is also specified in the
lease. It also stated when and how rent was to be paid. The lease agreement specified
the exact day on which the lessee must submit the rent, as well as any grace periods
granted by the lessor and how the money must be sent. For example, by electronic
check to the lessor's bank account.

The lease agreement is also in

good form as it followed legal
terms such as;
Capacity to contract: The parties
to a real estate lease contract must
be legally capable of entering
into the contract. Age, mental
competency, and other factors
are taken into account. A
minor,
defined as someone under the age
of 18, is not allowed to sign a
lease. A lease would also be
declared void if a person with
confirmed mental capacity
difficulties signed it.
Legal objectives: The purposes of
the lease must be legal. If the
property to be leased is used for
illegal purposes, the lease would
be invalid.
Offer and acceptance: All terms
of the contract must be agreed
upon by both parties. The owner
or
landlord would offer these terms
to the tenant and the tenant would
accept them, signified by their
signatures to the lease.
Consideration: Normally,
consideration for a valid lease
contract is in the form of rental
payments.
However, it could be in some
other form, such as a trade of
labor or property improvements
for
tenancy. Rent is normally fixed
for the life of the lease and cannot
be changed unless agreed to in
writing by both parties.
Issues need to be changed or
discussed:
Lease agreements requiring
lessors to waive their security
deposit rights or sue the lessors
are
regarded unlawful and
unenforceable. Additionally,
leases must not include wording
that relieves the
lessors of their responsibility to
make the property safe and
habitable. However, the parties'
contract
in this case includes articles that
fit the aforementioned invalidity
factors. If it is not addressed
appropriately, the agreement is
null and void because the lessor
intends to shift all responsibility
on
the lessee, undermining the
lessor's ability to perform its
obligations in good faith
The lease agreement is also in
good form as it followed legal
terms such as;
Capacity to contract: The parties
to a real estate lease contract must
be legally capable of entering
into the contract. Age, mental
competency, and other factors
are taken into account. A
minor,
defined as someone under the age
of 18, is not allowed to sign a
lease. A lease would also be
declared void if a person with
confirmed mental capacity
difficulties signed it.
Legal objectives: The purposes of
the lease must be legal. If the
property to be leased is used for
illegal purposes, the lease would
be invalid.
Offer and acceptance: All terms
of the contract must be agreed
upon by both parties. The owner
or
landlord would offer these terms
to the tenant and the tenant would
accept them, signified by their
signatures to the lease.
Consideration: Normally,
consideration for a valid lease
contract is in the form of rental
payments.
However, it could be in some
other form, such as a trade of
labor or property improvements
for
tenancy. Rent is normally fixed
for the life of the lease and cannot
be changed unless agreed to in
writing by both parties.
Issues need to be changed or
discussed:
Lease agreements requiring
lessors to waive their security
deposit rights or sue the lessors
are
regarded unlawful and
unenforceable. Additionally,
leases must not include wording
that relieves the
lessors of their responsibility to
make the property safe and
habitable. However, the parties'
contract
in this case includes articles that
fit the aforementioned invalidity
factors. If it is not addressed
appropriately, the agreement is
null and void because the lessor
intends to shift all responsibility
on
the lessee, undermining the
lessor's ability to perform its
obligations in good faith
The lease agreement is also in
good form as it followed legal
terms such as;
Capacity to contract: The parties
to a real estate lease contract must
be legally capable of entering
into the contract. Age, mental
competency, and other factors
are taken into account. A
minor,
defined as someone under the age
of 18, is not allowed to sign a
lease. A lease would also be
declared void if a person with
confirmed mental capacity
difficulties signed it.
Legal objectives: The purposes of
the lease must be legal. If the
property to be leased is used for
illegal purposes, the lease would
be invalid.
Offer and acceptance: All terms
of the contract must be agreed
upon by both parties. The owner
or
landlord would offer these terms
to the tenant and the tenant would
accept them, signified by their
signatures to the lease.
Consideration: Normally,
consideration for a valid lease
contract is in the form of rental
payments.
However, it could be in some
other form, such as a trade of
labor or property improvements
for
tenancy. Rent is normally fixed
for the life of the lease and cannot
be changed unless agreed to in
writing by both parties.
Issues need to be changed or
discussed:
Lease agreements requiring
lessors to waive their security
deposit rights or sue the lessors
are
regarded unlawful and
unenforceable. Additionally,
leases must not include wording
that relieves the
lessors of their responsibility to
make the property safe and
habitable. However, the parties'
contract
in this case includes articles that
fit the aforementioned invalidity
factors. If it is not addressed
appropriately, the agreement is
null and void because the lessor
intends to shift all responsibility
on
the lessee, undermining the
lessor's ability to perform its
obligations in good faith
The lease agreement is also in
good form as it followed legal
terms such as;
Capacity to contract: The parties
to a real estate lease contract must
be legally capable of entering
into the contract. Age, mental
competency, and other factors
are taken into account. A
minor,
defined as someone under the age
of 18, is not allowed to sign a
lease. A lease would also be
declared void if a person with
confirmed mental capacity
difficulties signed it.
Legal objectives: The purposes of
the lease must be legal. If the
property to be leased is used for
illegal purposes, the lease would
be invalid.
Offer and acceptance: All terms
of the contract must be agreed
upon by both parties. The owner
or
landlord would offer these terms
to the tenant and the tenant would
accept them, signified by their
signatures to the lease.
Consideration: Normally,
consideration for a valid lease
contract is in the form of rental
payments.
However, it could be in some
other form, such as a trade of
labor or property improvements
for
tenancy. Rent is normally fixed
for the life of the lease and cannot
be changed unless agreed to in
writing by both parties.
Issues need to be changed or
discussed:
Lease agreements requiring
lessors to waive their security
deposit rights or sue the lessors
are
regarded unlawful and
unenforceable. Additionally,
leases must not include wording
that relieves the
lessors of their responsibility to
make the property safe and
habitable. However, the parties'
contract
in this case includes articles that
fit the aforementioned invalidity
factors. If it is not addressed
appropriately, the agreement is
null and void because the lessor
intends to shift all responsibility
on
the lessee, undermining the
lessor's ability to perform its
obligations in good faith
The lease agreement is also in good shape because it adhered to legal terms such as:

Capacity to contract: The parties to a real estate leasing contract must be legally capable
of entering into the contract. Age, mental capacity, and other criteria are taken into
account. A minor (someone under the age of 18) is not permitted to sign a lease. A lease
would also be declared unlawful if it was signed by someone with proven mental
capacity issues.

Legal objectives:

The lease's goals must be legitimate. If the leased property is used for illicit purposes,
the lease is null and void.

Offer and acceptance: Both parties must agree on all contract terms.

Consideration: Normally, consideration for a valid lease contract is in the form of rental
payments. However, it could be in some other form, such as a trade of labor or property
improvements for tenancy. Rent is normally fixed for the life of the lease and cannot be
changed unless agreed to in writing by both parties

Issues need to be changed or discussed:

 Lease agreements requiring lessors to waive their security deposit rights or issue the
lessors are regarded unlawful and unenforceable. Additionally, leases must not include
wording that relieves the lessors of their responsibility to make the property safe and
habitable. However, the parties' contract in this case includes articles that fit therefore
mentioned invalidity factors. If it is not addressed appropriately, the agreement is null
and void because the lessor intends to shift all responsibility on the lessee, undermining
the lessor's ability to perform its obligations in good faith.

2. To which kind of contract does the agreement belong? Why?

- The contract falls into the Valid Contracts category. There are five types of contracts that
can exist: valid contracts, invalid contracts, voidable contracts, illegal contracts, and
unenforceable contracts. A valid contract is one that is legally enforceable, whereas a
void contract is one that is unenforceable and does not impose any responsibilities on
the parties. A voidable contract is one that is formed as a result of physical or mental
duress. In the future, a contract like this could become legal or void. An illegal contract is
one that serves an illegal goal, whereas an unenforceable contract fails to meet certain
legal standards. The agreement has incorporated the aforementioned terms.