123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Bad Tenants Make You Big Money

Profile Picture
By Author: Miachel Tang
Total Articles: 35
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Ever thought bad tenants were (ofcourse they are) , well the key to earning instead of losing from bad tenants is simple to sell all there stuff. It might sound a little mean at first but if done right you can gain everything they own literally. Liquidated damages - damages are said to be liquidated (also referred to as liquidated and ascertained damages) when the amount of damages recoverable in the event of a specified breach (eg late performance) is agreed at the date of the contract. In such circumstances a liquidated damages provision will be included in the contract. When damages are not predetermined/assessed in advance then the amount recoverable is said to be ‘at large' (to be agreed or determined by a court or tribunal in the event of breach).

At common law, a liquidated damages clause will not be enforced if its purpose is to punish the wrongdoer/party in breach rather than to compensate the injured party (in which case it is referred to as a penal or penalty clause). One reason for this, it could be said, is that the enforcement of the term would, in effect, require an equitable order of specific performance. ...
... However, courts sitting in equity will seek to achieve a fair result and will not enforce a term that will lead to the unjust enrichment of the enforcing party.

In order for a liquidated damages clause to be upheld, two conditions must be met. First, the amount of the damages identified must roughly approximate the damages likely to fall upon the party seeking the benefit of the term. Second, the damages must be sufficiently uncertain at the time the contract is made that such a clause will likely save both parties the future difficulty of estimating damages. Damages that are sufficiently uncertain may be referred to as unliquidated damages, and may be so categorized because they are not mathematically calculable or are subject to a contingency which makes the amount of damages uncertain.

For example, suppose Joey agrees to lease a storefront to Monica, from which Monica intends to sell jewelry. If Joey breaches the contract by refusing to lease the storefront at the appointed time, it will be difficult to determine what profits Monica will have lost, because the success of newly created small businesses is highly uncertain. This, therefore, would be an appropriate circumstance for Monica to insist upon a liquidated damages clause in case Joey does indeed fail to perform. So next time a Tenant is causing you trouble, damaging your property and refusing to pay there rent get a court eviction order so you can lock there doors and take away everything they own, this is truly capitalism at its best.

Total Views: 297Word Count: 450See All articles From Author

Add Comment

General Articles

1. Subkuz Hindi News Online Platform
Author: Subkuz

2. Exploring Lingerie Trends In Australia: What Brides Need To Know
Author: Jaime Murphy

3. Dental Care Abu Dhabi
Author: Aldana

4. How To Select The Best Food Delivery App Development Company For Lasting Success
Author: Elite_m_commerce

5. Caravan Booking In Delhi: A Guide To Renting Your Mobile Home For Adventure And Comfort
Author: CaravanHireinDelhiNCR

6. Video Box Pricing – Understanding The Value Of Video Plus Print
Author: videoplusprint

7. Unlock Your Digital Potential With Expert Web Development Services
Author: garvirediwal

8. Expressgiftbasketsusa – Premium Chocolate Gift Baskets Delivered Anywhere In The Usa!
Author: Sankar Roy

9. Electromechanical Companies In Uae On Tradersfind
Author: abdulkhan

10. Medical Translation Dubai: English, Arabic & More
Author: nooralhiba

11. Book Now Best Dubai Holiday Tour Package From India At Best Prices
Author: YATIKA

12. Leverage Web Scraping Service For Grocery Store Location Data
Author: iwebdatascraping

13. Wifi Connection In Tiruchendur | Sathya Fibernet
Author: Sathya Fibernet

14. Cit Exam: Certified Instructional Trainer Guide
Author: Komal

15. Community Solar Programs: How They Work And Their Benefits
Author: blogswalaindia

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: