A Lease Provision Requiring a Tenant to Obey Regulations That

question 23

True/False

A lease provision requiring a tenant to obey regulations that may be subsequently adopted by the landlord is void because it is unconscionable.

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Definitions:

Collection Float

The time delay between when a check is written and when it is actually deducted from the payer's account, impacting the receiver's cash flow.

Disbursement Float

The time delay between when a check is issued and when the funds are actually withdrawn from the payer's account.

Ledger Balance

The total amount recorded in a company's ledger, representing the total assets, liabilities, and shareholders' equity at a specific time.

Available Balance

The amount of money in an account that is accessible for use.