Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Chapter 5, Problem 16AA
Solution

Responsibilities of tenants and landlords are to be explained.

Responsibilities of a Tenants are :

1.Tenant should give prior notice to their landlord if tenant is planning to move before the term of lease is up.

2. Tenant should use the property for the purchase stated in the lease.

3. Tenants should provide security deposit to hold to the landlord at the time of signing a lease in case the rent is not paid or any damaged to the property.

Responsibilities of a Landlords are :

1. Landlord must insure that the property have minimum services such as heat and that it should be worth living.

2. Building safety norms should be obeyed by the landlord.

3. Tenants can pay for the repairs and hold back that amount of rent if the landlord reuse to pay for the repairs.

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