Research Paper- Analyzing a contract Paper Example | Topics and Well Written Essays - 1000 words

- Analyzing a contract - Research Paper Example This particular contract is being used so as to act as a formal agreement between the tenants or flat mates sharing the house as guidelines on how to meet the costs of staying in the house. The contract is also being used in policies and regulations pertaining to the stay in the house. There are third parties involved in this contract. One of them is the landlord of the flats and house being shared. His or her role is to oversee that the agreements signed by the parties involved are in favor of his flats and houses. The other flat mates not in this agreement may also act as witnesses to the contract in case of breach. This flat or house sharing agreement is governed by the law of tenancy. For example, the law stipulates that the premise belongs to the landlord and he or she reserves the right of acceptance of the tenants. The landlord owes the tenant security and care while staying in his or her premises. However, the tenants cannot sublet the premise unless stated otherwise in the t enancy agreement. The laws indicated in the Residential and Tenancies Act 1986 governs this contract. The laws and regulations governing tenancy applies in this contract fully. The flat or house sharing agreement will observe the Residential and Tenancies Act 1986 since the agreement lies in that act. ... t payable by each party, the bond to be paid to the head tenant and other terms such as; the termination of the agreement, receipt of notice room the landlord, keeping of pets within the premise, expenses of telephone toll, expenses of electricity, food, gas, water and other bills received, removal of any fixtures or chattels from the premises, the fate of the agreement, and what happens in the event of a dispute. These terms applies to all the parties at equal capacity without any discrimination of a party. Any party who breaches any of these terms is treated equally if the other also fails to observe any of the terms. Factors that lead to the termination of the contract are also highlighted in the contract making it a very fair agreement to all the parties involved as well as the third parties. The flat or house sharing agreement is completely integrated on the details that pertain to the nature of such contract. The contract in question has all the parole evidence that may be used to question the issues of the contract. Some of those evidences include the identity details of the parties, the address of the rental property and premise, the terms and conditions governing the sharing of the premise, as well as the parties involved which indicate their commitment to the contract. The third parties such as the landlord shows that the agreement has a parole of evidence and is fully integrated with all the element of a contract such as the informed consent of the parties involved, the witness, the capacity of the parties, the terms are also clearly indicated as well as the personal details of the parties. This contract of the flat or house sharing agreement allows for the assign ability of rights of the parties involved in this case the flat mate and the head tenant. The