QUESTION PRESENTED Does Mr. Slummylord‚ a landlord have a duty to keep leased property safe for the tenant Coffee bean‚ extended to the general public? BRIEF ANSWER OR CONCLUSION Probably Yes. Under California Law‚ a comercial landlord owes a duty of reasonable care in providing and maintaining the rental property in a safe condition. This duty of care also extends to the general public. The landlord must conduct a reasonable inspection of the property for unsafe conditions and must take reasonable
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MONTHLY RENTAL AGREEMENT THIS AGREEMENT‚ entered into this day of ‚ by and between hereinafter Lessor‚ and hereinafter Lessee. WITNESSETH: That for and in consideration of the payment of the rents and the performance of the covenants contained on the part of Lessee‚ said Lessor foes hereby demise and let unto Lessee‚ and Lessee hires from the Lessor those premises described as: located at for a tenancy from month-to-month commencing on the day of
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AGREEMENT OF RENTAL OF VEHICLE entered into between ACKER TRADING CK2007/112858/23 (hereinafter referred to as “the lessor”) and 1. Renters Name & Surname: ______________________________________________________________________________ Passport number or I.D. Number:__________________________________________________________________________ Drivers licence number: _____________________________________ Cell number: ________________________________________ Work number: ____________________________________
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a) After Newland realised that it had under-priced the contract it stopped work and informed S4H that they would not be able to complete the work unless they were paid more. Although S4H were not happy about this request‚ they had to pay the extra money because no other company was available to complete the work and S4H was on a timetable. Newland completed the work after being paying the extra money and S4H demands a repayment of the extra cost. The issue in this case is whether S4H can recover
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Special Topics in Financial Accounting (ADM4348) University of Ottawa February 5th‚ 2015 Lease 1 – Security System Purchased by RFC by cash at a cost of $41‚347 on January 1‚ 20X1; Lease contract signed with Customer M on January 2‚ 20X1; Two year lease with payments of $11‚300 on January 2‚ 20X1 and January 2‚ 20X2; Lease is renewable for 1 year up to three times at a cost of $9‚300; At the end of the lease term‚ the security system reverts to RFC; If Customer M doesn’t renew‚ there is a $30‚000
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CHAPTER 5 Net Present Value and Other Investment Criteria Answers to Problem Sets 1. a. A = 3 years‚ B = 2 years‚ C = 3 years b. B c. A‚ B‚ and C d. B and C (NPVB = $3‚378; NPVC = $2‚405) e. True f. It will accept no negative-NPV projects but will turn down some with positive NPVs. A project can have positive NPV if all future cash flows are considered but still do not meet the stated cutoff period. 2. Given the cash flows C0‚ C1‚ . . . ‚ CT
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Existing lease accounting standards require lessees to classify their lease contracts as either finance (capital)* leases or operating leases. Finance leases are defined as those leases that transfer to the lessee substantially all the risks and rewards incidental to ownership of the leased asset. All other leases are operating leases. Leases classified as finance leases are treated as similar to a purchase of the underlying asset. Consequently‚ the lessee recognizes in its statement of financial
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Computer Leasing Assessment Prepared for Robert Reuter Dylon Industries Cleveland‚ Ohio Prepared by Michael Norby Dylon Industries Cleveland‚ OH. November 30‚ 2012 Summary The purpose of this report is to determine why we should lease computer equipment as opposed to purchasing computer equipment. Leasing computers can save this organization revenue by not having to have an on-site IT Department for any hardware or software issues that develop. Any technological advances that develop
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Lease versus Buy Analysis Why Buy It When You Can Lease It? Questions: 1. What are the different kinds of leases available and which one would be best suited for Paulo’s restaurant? Explain why. Leases can be broadly categorized into two types‚ financial and operating. Financial leases are generally longer-term‚ fully amortized‚ and not cancelable without a hefty termination penalty. Operating leases are usually shorter-term‚ partially amortized‚ and cancelable on short notice. Financial leases
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the same even though the date is different. Lease Obligations shows that the present value of net lease payments for capital lease obligations was $626‚000‚000. 2) The capital lease liability would increase by about 24 if the operating leases were capitalized. Note 6 shows that the future lease payments are about 12 times higher than capital lease. The lease payments for operating leases would be about $626‚000‚000 X 12 = $7‚512 million. Capital Leases Years Ending December 31‚ (in millions)
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