Scribd
Upload
93 views

binding_contracts

The document compares two apartment lease contracts: Sycamore Lane and Parkside Garden. It outlines potential fees, security deposit management, lease termination conditions, and lists pros and cons for each apartment. The conclusion favors Parkside Garden due to lower rent, landlord responsibility for repairs, and full return of repair money if the lease ends early.

Uploaded by

ianberrios1218
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
93 views

binding_contracts

The document compares two apartment lease contracts: Sycamore Lane and Parkside Garden. It outlines potential fees, security deposit management, lease termination conditions, and lists pros and cons for each apartment. The conclusion favors Parkside Garden due to lower rent, landlord responsibility for repairs, and full return of repair money if the lease ends early.

Uploaded by

ianberrios1218
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Binding Contracts

Directions: For this assessment, you will analyze two different apartment lease contracts and answer
questions about them. Then, you will decide which contract you think is better and explain why.

After reviewing the lease contracts, complete the charts and respond to the reflection question.

Sycamore Lane Apartment Parkside Garden Apartment


List all potential fees Monthly rent:1000 Rent: 900
due at the lease signing. Pets: dogs-300 cats-200 Security deposite:1800
Security deposite:1000
Explain how the security The 1000 dollars paid by the tenant The tenant pays 1800 for repairs
deposit for the to the landowner for repairs to the and 15 days before the termination,
apartment is managed. house for damage above wear and the tenant will get that money back
tear.
Describe two reasons The money will not be given back if The tenant will get all of the money
for not receiving the full all the money was used on repairs back unless dues are needed to be
security deposit back at or if there is late rent paid for repairs or rent was not paid
the property.
How can a tenant end The tenant cand end the lease by The tenant can end the lease by
the lease? giving a 30-day written notice. If Giving a 60-day notice to the
the tenant ends the lease early, the landlord
landlord can keep the security
deposit money
How can the landlord . If the landlord can end the lease if Landlord may terminate this Lease
end the lease? the tenant fails to pay rent, violates for cause, with written notice to
any terms of this lease, or engages Tenant
in illegal activities on the premises

Create a list of pros and cons for each apartment. Include at least three pros and three cons in your lists.
These lists should be personal to your wants and needs.

Apartments
Sycamore Lane Parkside Garden
PROS
1 Allowed pets Landlord responsible for utility damage
2 Either party can terminate the contract Repair money paid back
3 900 for rent
CONS

Unless Otherwise Noted All Content © 2023 Florida Virtual School. FlexPoint™ is a trademark of Florida
Virtual School.
1 Tenant responsible for utility damage No pets
2 50 late fees for rent 60-day notice
Landlord can take security deposit money
3 if the lease was ended early by tenant Lease term for 12 months

Reflection
Based on your pros and cons evaluation above, which apartment would you rent? Explain three
reasons why in a well-developed paragraph.

I would rent Parkside because cheaper rent, repairs are paid by the landlord and repair money can be
paid back in full if lease ends early with the money not put in use.

Unless Otherwise Noted All Content © 2023 Florida Virtual School. FlexPoint™ is a trademark of Florida
Virtual School.

You might also like