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Author Question: Jones, a landlord, requires in all leases that rent be paid on the first day of each month. For the ... (Read 64 times)

jerry coleman

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on: Jun 24, 2018
Jones, a landlord, requires in all leases that rent be paid on the first day of each month. For the past three months, Jones has accepted Tenant One's rent as late as the 12th day of the month. During the fourth month, when Jones has not received Tenant One's rent, she sends a notice of termination on the second day of the month. Is Jones acting properly?

Question 2

The FRC has adopted a franchise disclosure rule that requires franchisors to give prospective franchisees a full disclosure statement thirty (30 ) days before a franchisee signs a contract or pays any money for a franchise.
  Indicate whether the statement is true or false


paavo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

No. Jones has waived timely payment and must use the fourth month to reinstate the right to receive rent on the first. The earliest a notice of termination could be sent is the 12th day.

Answer to Question 2

FALSE


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