Overview
In this paper, you will review the commercial leaseagreement provided and respond to questions analyzing the terms of that lease.The paper must be at least 1,200 words and include at least 3 scholarly sourcesother than the course textbook/materials.
Instructions
Review the CommercialLease Agreement.
Answer the questionsbelow with a minimum of 200 words for each answer (a total of at least 1,200words), and a total of at least three scholarly sources other than thetextbook, cited in-text and in a reference list in current APA format. WhileQuestion 6 directly addresses a Biblical worldview, such principles should alsoinform your answers throughout.
Add an APA-formattedtitle page, headers, and page numbers to your answers.
1. What is the distinction between acommercial and a residential lease? How do the differences in use of theleased property impact the terms of the lease? In a commercial lease agreement,should the law seek to protect the interests of the commercial tenant more thanthe interests of the commercial landlord? Why or why not?
2. Sections 5 and 6, respectively, impose on thecommercial tenant the obligation of making repairs to the leased property, andof making alterations and improvements to the leased property. Should the leaseimpose these obligations on the tenant, or should such obligations be legallyimposed on the commercial landlord? Explain your answer.
3. In the defaultprovisions of Section 15, what is the landlords duty to mitigate damages?Should the landlord be required by law to mitigate? Explain.
4. Sections 2 and 19discuss the creation of, and the parties rights in, the security deposit. Dothese rights favor the landlord or the tenant? Is that appropriate? Why or whynot?
5. Section 29 requiresmediation, followed by arbitration, in lieu of litigation, to resolve disputes.What are the advantages and disadvantages of such a provision? How shouldmediators and arbitrators be selected?
6. As a businesspersonguided by a Biblical worldview, what changes would you make in this lease tomake the terms comport more closely to Scripture?
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