Question: Button Store will be renting a store - front location from Lynn Lewis, who owns the multi - occupancy mercantile building. The lease will specify
Button Store will be renting a storefront location from Lynn Lewis, who owns the multioccupancy mercantile building. The lease will specify whether Button or Lynn is responsible for damage to the rented premises. In determining how best to allocate contractual responsibility, which of the following factors is not relevant?
a What arrangement is customary in retail lease agreements?
b Which party has control over the rented premises?
c What are the risks of damage to the premises?
d Which party is paying the rent?
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