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Illusion [34]
3 years ago
14

In a growing number of jurisdictions, when a tenant moves out of leased premises before the term of the lease expires, the landl

ord is required to make a reasonable attempt to lease the property to another party. Legally, this duty of landlords is called the duty:
Business
1 answer:
Travka [436]3 years ago
5 0

Answer:

To mitigate damages

Explanation:

When a a tenant breaches the terms of a real estate agreement, the landlord must come in to get another tenant to occupy the space.

He is avoiding a situation where the property is to be left unoccupied for a period of time.

Mitigating damages is a way of reducing further loss when one party breaches a contract.

In the given scenario if a tenant moves out of leased premises before the term of the lease expires, the landlord is required to make a reasonable attempt to lease the property to another party.

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Which statement is true about reporting receivables on the balance sheet?
MAVERICK [17]
<h3>Answer:</h3>

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