CONTRACT PROJECT Essay

Submitted By zoewsyiii0305
Words: 686
Pages: 3
Open Document
Contract Project

The Legal and Regulatory Environment of Business
April 10, 2014

This is a very impeccable contract, it has ensured that the rights of both the landlord and the tenant. The contract start from the basic information of tenant, then they talk about the length of the rent, use of the area, rentals and deposit. Next, they talk about proportionate share, common area, facilities and public utilities. Therefore, they have talk about the detail in rentals, such as taxes, insurances, additional rents, and repair fees. Then they talk about the duty of tenant and the rights of landlords, also when the damage to premises and events of default happened, what the right of landlord. The goal of the contract is to make both the landlord and tenant get what they want, and make each other do not do what they don’t want.
The landlord has five rights. First is in the reasonable time, they have rights to make repairs, alterations and addition to the building. The second right is can display “for rent”, either landlord or tenant determines the contact, or at any time within six months prior to the expiration of contract. The third right is to collect all rents, include the additional rents and some other charges; the tenant has responsibility to pay all before the due day. The fourth right is that landlord can relocate the tenant to different location in the shopping center. Then if the shopping center is redeveloped, the landlord will provide no less than 12 month to tenant for determine the contract.
The first duty of tenant is responsible for payment, such as state or federal taxes, expect repair fees, all the payment which under the premise is the tenant’s responsibility. Second duty is to follow the reasonable rules that regulated by the landlord, and the rules are all shows in the contract. And the tenant should agree to perform all the agreements that write on the contract. The third duty is to follow all the requirement of federal and states law, regulation and ordinances, and follow the rule of the shopping center where the premise located.
For both tenant and landlord’s duty, they cannot be changed after sign the contract. Both sides need to follow the contract till the expired day. If one side has do something against the contract, the other side has right to sue him.
The landlord will charge of all premiums for fire, flood, windstorms, terrorism, extended coverage, and liability casualty insurance upon the Shopping Center. When fire or any other artificial casualty damages the premise, the tenant should write a notice thereof to landlord immediately. And the landlord
Show More

Related Documents: CONTRACT PROJECT Essay

Essay on Accounting Assignment

fixed-price contract with Axelrod Associates on July 1, 2013, to construct a four-story office building. At that time, Curtiss estimated that it would take between two and three years to complete the project. The total contract price for construction of the building is $4,000,000. Curtiss appropriately accounts for this contract under the completed contract method in its financial statements. The building was completed Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod…

Words 1014 - Pages 5

nature of construction contracts Essay

Construction Contracts Introduction For this assignment the writer is going to discuss the nature and types of construction contracts and will explain the legal responsibilities of the various parties involved in the design and the construction process. Using different types of sources an explanation to the basic principles of contract law and how they apply. From doing this there will then be an explanation to what extent standard forms of contract are special types of contract. Contract that has…

Words 1535 - Pages 7

Contract Creation and Management Essay

Contract Creation and Management Assignment The Contract Creation Management simulation shows the project manager of the Spans systems the world’s top leading banking software to address major concerns within the contract with one of the company’s largest consumers. Citizen Schwartz Ag is a German bank that has issues that are falling towards dissolution business between both companies. Span Systems is trying not to lose its biggest consumer and the chief executive is trying to settle this matter…

Words 887 - Pages 4

Contract Creation and Management Essay

Contract Creation and Management LAW/531 February 11, 2013 Elizabeth McVicker Contract Creation and Management The aim of this paper is to analyze the issues presented in the simulation “Contract Creation and Management”. The simulation provides information about current clauses under the contract between Span Systems and Citizen Schwartz AG (C-S). Span Systems is a leader in custom e-banking software. The customer is Span Systems and Citizen Schwartz AG (C-S) a large German Bank. These two…

Words 1178 - Pages 5

Project Management and Leadership Waterloo Staff Essay

PROJECT PROCUREMENT MANAGEMENT Derrick George Professor Project Procurement Management – PMAN641 October 12th, 2014 Project procurement management involves purchasing products and services in order to complete a project. In order to do that effectively, project managers must plan, establish, maintain, and close relationships with venders who provide the goods and services for the project. The definition of project procurement management from the PMBOK Guide is: “The processes necessary to…

Words 1524 - Pages 7

Contract Creation And Management

Contract Creation and Management Caroline Wesley LAW/531 March 11, 2013 Trina Eaddy In the Contract Creation and Management simulation, there were several legal issues and related principles involved with the incidents occurring between Span Systems and Citizen-Schwarz AG (C-S). As indicated in the simulation, it provides an opportunity to develop a negotiating position, argue performance of the contract, and amend an existing contract to prevent a potentially disruptive business…

Words 1252 - Pages 6

Essay about Dozier Industries

Industries was a U.S. manufacturer of electronic security systems. In 1986, it received a large order from the United Kingdom, which stipulated payment in British pounds. The company received a deposit, with the balance expected to be paid in 90 days. The contract provided a slim profit margin, which could be easily eliminated by an unfavorable change in exchange rates. The chief financial officer had to decide whether to accept the foreign exchange risk or to hedge the exposure. A2 i) Given that…

Words 1486 - Pages 6

Procurement Process Essay

acquire the products, services or results needed from outside the project team to perform the work. Project Procurement Management involves not just purchasing products, services or results, but also ensuring that those that are purchased are right for the project, meets standards and is based on project requirements. This life cycle includes tracking from order through deployment and completing with invoice reconciliation. All projects are defined by the purpose, objectives and deliverables. Properly…

Words 1285 - Pages 6

Essay on Construction Contracts

Construction Contracts 1. Name and briefly describe each of the two basic types of competitively bid construction contracts. Which type would be most likely used for building the piers to support a large suspension bridge. Why? Two basic types of competitively bid construction contracts are lump-sum and the unit-price contract. The lump-sum contract is when the contractor agrees to complete all work for a pre-determined price including profit and the contract. The unit-price contract is when the…

Words 1041 - Pages 5

Contract Creation And Management

Contract Creation and Management C’Artis Washington University of Phoenix BUS LAW 531 March 26, 2013 Andre Van Ness Contract Creation and Management Creations and Management simulation gives one the learning experience as a project manager the opportunity to analyze, interpret, negotiate, amend an existing formal contract in resolving…

Words 1466 - Pages 6