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1. If you are 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 am a lawyer and is asked about my assessment, I will tell the lessee that the agreement is in
good form but some issues must be discussed.
The lease agreement is also in good form as it followed legal terms such as;
Capacity to contract: The parties to the real estate lease contract must have the legal capacity to
enter into the agreement. Age, mental competency, and other issues are considered. A minor,
which is a person considered 18 years of age or younger, could not enter into a lease. Also, if a
person with documented mental competency issues enters into a lease, it would be considered
invalid.
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
payment(s). 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.
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11-Task-Performance LEASE AGREEMENT MATIAS, JAY-R
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