Purchase Solution

Tenant has a lease on an apartment

Not what you're looking for?

Ask Custom Question

Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant take over the lease through the end of December. Landlord agrees and releases Tenant from any responsibility under the lease. This is a(n):
A. substituted contract.
B. accord and satisfaction.
C. novation.
D. mutual rescission.

Purchase this Solution
Solution Summary

Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant take over the lease through the end of December. Landlord agrees and releases Tenant from any responsibility under the lease. This is a(n):
A. substituted contract.
B. accord and satisfaction.
C. novation.
D. mutual rescission.

Solution Preview

Thank you for using Brainmass as your tutor assistant. I will provide the answer to the question and give reason why the others are not good in an easy to understand way.

Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant ...

Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Operations Management

This quiz tests a student's knowledge about Operations Management

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

View More Free Quizzes
Related BrainMass Solutions

  • Landlord Tenant Rights - lease conditions with Cactus Properties

    190435 Landlord Tenant Rights - Lease Conditions with Cactus Properties Jim signs a two-year lease with Cactus Properties for a two-bedroom apartment. The lease stipulates the apartment will be used only for residential purposes.

  • Virginia Law: Legal Problem

    There are a few things going on here, under Virginia state law. The intent of the men entering her apartment is a main consideration. Even though they had keys to the apartment, we have to look at why they entered the premises.

  • Landlord and Tenant Fact Pattern

    The lease is signed on 10-13-09 and Fred, his wife Wilma, their daughter Pebbles and there pet Dino move into the apartment on 11-1-09.

  • Legal Issues Between the Landlord and Tenant

    The tenants have an entitlement of canceling the lease based on the grounds that they could not move into the apartment on time.

  • Deciding how to best merchandise a leased premises

    The house has 4,000 square feet of area, 3,600 being used for the store, and the rest for a three-room apartment. The new store has a 40-foot front and is 70 feet deep.

  • Legal Duies of Landlords and Tenants

    A tenant who leaves before a lease expires is responsible for paying the rent for the rest of the lease. However, the landlord must make an effort to re-rent the unit at a reasonable price.

  • Should Tenants have to purchase extra property insurance?

    Your name would have to be on the mortgage/title to the property. This is different from a lease agreement, which is what you'd sign as the tenant to the property.

  • How Police Apply Consent to Search Laws

    I do not share my apartment, but if I did and my name is on the deed or lease alone I will be able to have the evidence threw out of court if my roommate allowed for consent when he is not the person on the lease or deed.

  • Lease Renewal Option

    This solution discusses if MCM has a right to exercise the lease renewal as an option. A comprehensive discussion including all pertinent legal elements is provided.

View More Related Solutions