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Mademuasel [1]
2 years ago
11

Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will

be leasing Max Thomas' townhouse for two years beginning July 1. She will be paying $1,000 per month due by the first of each month. The lease clearly states Max will be the landlord of the townhouse and Hannah the tenant. Is there a minimum requirement for a California lease missing
Business
1 answer:
Digiron [165]2 years ago
7 0

The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

<h3>What are the minimum requirements for a California lease?</h3>

A California lease requires a <u>sufficient description of the property</u>, for example, an address, which gives it a legal description.

Other requirements for a California lease include:

  • Rental amount
  • Duration of the rental period
  • Payment due dates
  • Deposits or fees
  • Condition of the property at the beginning of the lease
  • Maintenance expectations.

<h3>Question Completion with Answer Options:</h3>

a. No, the lease has met all of the minimum lease requirements of the state of California.

b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.

c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.

d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.

Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

Learn more about California lease requirements at brainly.com/question/14299105

#SPJ12

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A company's expected receipts from sales and planned disbursements to pay bills is commonly called a:
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Answer:

Cash budget.

Explanation:

A company's expected receipts from sales and planned disbursements to pay bills is commonly called a cash budget.

A cash budget can be defined as a budget consisting of expected cash receipts or estimation of the cash flows and planned disbursements to pay bills, for a business over a specific period of time.

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3 years ago
Marquette purchased 7% of RST stock for $50,000 on 1/1/21. Data regarding these securities follow: Year-end Date Market Value De
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The security at December 31th 2023 will be listed for 68,000 under current assets.

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But, as the gain is unrealized until sale the company will record it within the concept of other comprehensive income.

The dividend will be considered gain of the period thus, they will be recognized ither cash or shares are received.

3 0
4 years ago
XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labo
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Total production costs= $57,500

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<u>First, we need to allocate overhead:</u>

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Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
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$8,400

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50% co-brokerage split = $24,000 x 50% = $12,000

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the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

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