Explain the Nature of the Relationship Between Agent and Principal

question 61

Essay

Explain the nature of the relationship between agent and principal (the law of agency).​

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Definitions:

Tenancy At Will

A rental agreement that allows either the tenant or the landlord to terminate the lease at any time without cause.

Rental Terms

The conditions and agreements that delineate the rights and obligations of the lessor and lessee in a property rental arrangement.

Fair Housing Act

A U.S. law enacted in 1968 aimed at preventing discrimination when renting or selling residential property based on race, religion, national origin, sex, (and as later amended) disability and family status.

Housing Discrimination

The illegal practice of denying individuals or groups the opportunity to rent, buy, or negotiate for housing based on race, color, religion, sex, disability, familial status, or national origin.