Thesis Abstract

Thesis Overview

<p> </p><p><b>1.0 &nbsp; &nbsp; INTRODUCTION:</b></p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Admassiey. (1995), The purpose of this<br>article is to analysze the impact of a landlord and tenant ordinance (LTTO) on<br>property values, using time series data for the city of Evanston, Illinois,<br>where the ordinance has been enacted since 1975. The empirical data analysis,<br>which includes a trend analysis of heroin price indices for both rental and<br>owner-occupied property has shown that L.T.O is not likely to significantly<br>affect HOUSING VALUES. Those remedies provided in the landlord and tenant<br>ordinance are not likely to be radical departures from the current practices<br>such as housing / building code, and can therefore not be expected to affect<br>housing values substantly.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; This research was supported by a grant<br>from the office if Real Estate Research at the university of Illinois.<br>We acknowledge helpful comments from professor peter colwell, and the good<br>research assistance of Theresa Cherniak and Michael Duncan.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Acting in landlord and tenant malters<br>for commercial owners or occupiers requires knowledge of legislation (such as<br>the landlord and tenant Act 1954) and case law as well as and understanding<br>other commercial property.</p><p>JH<br>Walter has a rich supply of comparable evidence on which to draw to establish a<br>verifiable basis for rent review or lease renewal backed by the experience of<br>our surveyors whi are also active agents in the market place. Brought together<br>with technical and legal data, this make us well placed to negotiate the best<br>deal for our clients whatever the market conditions while giving realistic<br>advice about the possible outcome of dispute resolution.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Restructuring of lease can prove an<br>attractive proposition for both landlord and tenant. We offer advice to ensure<br>that clients pay and receive compensation at appropriate levels to reflect<br>changing rental income, lease term and capital value. At lease expiry, both<br>owners and occupiers seek our support in dilapidations claims. (Dilapidation:<br>the extent to which the property falls short of the repairing obligations of<br>lease). We negotiate claims including guidance on the distinction between<br>repair and improvement and the limit of tenant liability on claims where<br>diminution in value (Lost Value) is less than the cost of repair. We advised in<br>rent review of a prominent shop in an unusual retail pitch but one attractive<br>to specialist retailers. Gathering evidence form nearby lettings and other<br>reviews, we helped our client understanding the opportunities and argument<br>possible including adjustments for location, return frontage, unusual layout<br>and repairing obligation beyond matters of value, we gave guidance on required<br>notices and issues of timing in connection with other rights and obligations in<br>the lease.</p><p><b>HISTORY</b></p><p>The<br>landlord and tenant relationship is defined by existence of a leasehold estate.</p><p>i &nbsp; &nbsp; Traditionally,<br>the only, obligation of the landlord in the united states was to grant the<br>estate to the tenant.</p><p>ii &nbsp; &nbsp; Although<br>in England and Wales,<br>it has been clear since 1829 that a landlord must put a tenant into possession.</p><p>iii &nbsp; Modern<br>landlord – tenant law includes a number of other rights and duties have been<br>codified in the uniform presidential landlord and tenant Act.</p><p><b>1.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br></b><b>STATEMENT<br>OF PROBLEM</b></p><p>1) &nbsp; &nbsp; An<br>essential ingredient in the achievement of the objective of landlord and tenant<br>in entering into contract is cordial relationship although the interest of the<br>parties are not mutually exclusive, conflict in the relationship can prevent<br>landlord from earning a fair returns on his investment in the property just as<br>the desire of the tenant to derive maximum utility from occupation will also<br>suffer defeat, the society will be worse of it.</p><p>2) &nbsp; &nbsp; Therefore<br>to give opportunity to all ranks of interests associate with the particular<br>property to be exercised without friction the lease sets landlord and tenant.</p><p>3) &nbsp; &nbsp; The<br>landlord nor the tenant meets his obligations under the lease because with the<br>steady fall in the real value of his income the tenant finds it difficult to<br>pay his rent promptly or sufficiently of utility bills. The obvious consequence<br>is conflict in relationship between landlord and tenant.</p><p><b>1.3 AIM AND OBJECTIVES</b></p><p>The<br>main aim of this study is to proffer resolution of conflict which has being in<br>existence between landlord and tenant relationship.</p><p>1.<br>To ascertain causes of conflict in landlord and tenant relationship.</p><p>2.<br>Identify methods adopted in resolution of these conflicts</p><p>3.<br>Identify and recommend ways of improving resolution of conflicts</p><p>in<br>landlord and tenant relationship.</p><p><b>1.4 RESEARCH QUESTIONS</b></p><p>This<br>study was undertaking to address the following research question.</p><p>1.<br>What constitute a landlord and tenant?</p><p>2.<br>What are the causes of conflict in landlord and tenant relationship?</p><p>3.<br>What art h method to b adopted in conflict resolution.</p><p><b>1.5 &nbsp; &nbsp; SIGNIFICANC OF TH STUDY</b></p><p>&nbsp; &nbsp; &nbsp; i. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br>Certificate or other document relating<br>to any land, lease, or change.</p><p>&nbsp; &nbsp; ii. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br>Summon any person to appear before him<br>and give information relating to any land, lease, or change in question.</p><p>&nbsp;iii. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br>Refuse an application for registration<br>where any instrument, certificate plan or other document has not been produced<br>pursuant to paragraph or where an act required by the Registrar to be performed<br>has not been performed</p><p>&nbsp;iv. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br>Administer Oaths or affirmations.</p><p>&nbsp; &nbsp; v. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <br>Require that any proceedings,<br>information or explanation be conducted or given on Oath, as the case may be.</p><p><b>1.6 &nbsp; &nbsp; SCOPE OF THE STUDY</b></p><p>After<br>the coming into force of this act, land a lease or a charge registered under<br>this Act may not be disposed off, except in accordance with this Act, and nay<br>disposition, except under this Act for the purpose of creating, transferring,<br>varying or affecting any estate, right or interest in any land, lease or charge<br>is of no effect.</p><p>Nothing<br>in section 40 shall be construed as preventing an unregistered instrument form<br>operating as a contract, but no action may be brought upon any contract for the<br>sale or other disposition of land or any interest in land, unless the agreement<br>upon while such action is brought or some memorandum or note thereof is in<br>writing and signed by the party to be charged or by some other person there<br>unto by him lawfully authorized.</p> <br><p></p>