Asked by Casual Commentator on Jul 14, 2024
Verified
Shi's lease of retail premises from Thuy requires Shi to pay certain fees, subject to the landlord's proof of the correct amount. Thuy overcharges Shi for the fees, without explanation. Most likely, the tenant can rescind the lease
A) after paying the overcharge.
B) by finding a new tenant for the premises.
C) with prompt notice.
D) under no circumstances.
Rescind
To revoke, cancel, or repeal a contract, agreement, or law, making it as though it never existed.
Tenant
An individual or entity that occupies property or land rented from a landlord or owner.
Overcharges
The act of charging someone more than the fair or agreed upon price for goods or services.
- Identify the legal bases for rescinding a contract and the effects of rescission.
Verified Answer
PS
pardeep singhJul 19, 2024
Final Answer :
C
Explanation :
The tenant can most likely rescind the lease with prompt notice if the landlord overcharges fees without explanation, as this could constitute a breach of the lease agreement. Prompt notice is essential to allow the landlord an opportunity to rectify the situation or for the parties to resolve the dispute.
Learning Objectives
- Identify the legal bases for rescinding a contract and the effects of rescission.