Balance of Power Lesson # 1
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Video Summary:
The relationship between the landlord and tenant is OUT OF BALANCE and puts the tenant in a very vulnerable position when it comes to negotiating the terms of the lease. This presents a serious problem when landlords abuse that power and regulatory agencies step in to protect the underdog. The contract is called an “adhesion contract” and although it’s used in many aspect of our economy they are highly scrutinized by regulatory authorities to prevent abuse and protect the tenant. So, how should this reality drive the drafting of leases so we don’t get hammered by those consumer protection agencies out to protect the tenant?
This video begins the discussion How Is The Landlord Tenant Relationship OUT OF BALANCE and What Must We Do As Property Managers To Protect Our Owners (and Ourselves) From The Hazards That This OUT OF BALANCE Relationship Creates.
