Question

Upon the conclusion of a retail lease it is the tenant’s obligation to remove all goods...

Upon the conclusion of a retail lease it is the tenant’s obligation to remove all goods such as carpeting, lighting and shelving fixed to the real property or pay the cost of removal to the

Landlord ? True or False

PLEASE EXPLAIN WHY

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The above statement is true.

Lease in Retail means a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment. A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid.

A commercial lease is meant to be an Agreement between the Owner of that property and the Person looking to initiate some sort of Businesses on that land. A retail lease is a kind of commercial lease in premises that are wholly or predominantly used for retail shop businesses.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Part II: True/False (2% each) T                F                Negative amortization reduces the principal b
Part II: True/False (2% each) T                F                Negative amortization reduces the principal balance of the loan. T                F                ARMs help lenders limit or eliminate interest rate risk. T                F                The default risk of a fixed rate mortgage is higher than the default risk of an ARM. T                F                The term “percentage rent” refers to rent paid by the tenant as a percentage of the space leased to reimburse the landlord for increases in operating expenses. T    ...
COST OF PRODUCTION HOMEWORK QUESTIONS PLEASE ANSWER ALL QUESTIONS AND PARTS What happens to the difference...
COST OF PRODUCTION HOMEWORK QUESTIONS PLEASE ANSWER ALL QUESTIONS AND PARTS What happens to the difference between average total cost and average variable cost as a firm’s output expands?  Explain. How would each of the following affect average total cost (ATC), average variable cost (AVC) and marginal cost? an increase in the cost of the lease of the firm’s building a reduction in the price of electricity a reduction in wages paid to assembly line workers an increase in the salary...
1.Taxes can be justified if the government uses the revenue to (i) provide public goods such...
1.Taxes can be justified if the government uses the revenue to (i) provide public goods such as national defense. (ii) clean up negative externalities such as water pollution. (iii) regulate a common resource such as fish in a public lake. (iv) provide goods with positive externalities such as medical research. A) (ii) only B) (ii) and (iii) only C) (i), (ii), and (iii) only D) (i), (ii), (iii), and (iv) 2.A person's tax liability refers to A) the percentage of...
13-19 Describe how Bass Pro Shops became the nation’s leading outdoor retailer based on the retail...
13-19 Describe how Bass Pro Shops became the nation’s leading outdoor retailer based on the retail marketing mix. 13-20 In terms of the major types of retailers, how would you classify Bass Pro Shops? 13-21 Why is Bass Pro Shops succeeding while Cabela’s is floundering? 13-22 Is it a good idea for Bass Pro Shops to acquire Cabela’s? Explain. Outdoor-products megaretailer Bass Pro Shops has seemingly been breaking the rules of retail for more than 40 years, basking in the...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs. The company estimates that it will have 32,000 direct labor hours in total for the kitchen cabinets. The materials include $2,000 for the wood and other materials on a per job basis. It requires 40 hours of labor on average for a custom...
what are the legal issues for each paragraph? INSTRUCTIONS You are an attorney working for a...
what are the legal issues for each paragraph? INSTRUCTIONS You are an attorney working for a large law firm. Anthony, Paul and Silvio retain you to represent them. With the material given prepare an essay explaining the issues presented. Be sure to explain the courts to which the matters could be brought and why and the various legal issues that you find in the fact pattern. Anthony a New Jersey resident and owner of a waste disposal company in New...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT