BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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promissory estoppel
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injunctive relief
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mitigation of damages
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specific performance
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Detailed explanation-1: -Section 91.006-Landlord’s Duty to Mitigate Damages (a) A landlord has a duty to mitigate damages if a tenant abandons the leased premises in violation of the lease. (b) A provision of a lease that purports to waive a right or to exempt a landlord from a liability or duty under this section is void.
Detailed explanation-2: -The essential information about the residential property, the renter, the property owner, the length of the lease, and the amount of rent for the given term are all contained in a rental agreement, which is also known as a rent deed or lease deed.
Detailed explanation-3: -When a tenant breaches a lease, a landlord must take affirmative steps to lessen the damages caused by the breach. California Civil Code section 1951.2 allows a landlord to recover damages for unpaid future rent only if the owner “acted reasonably and in a good-faith effort to mitigate the damages.”
Detailed explanation-4: –Unlike some jurisdictions, Georgia does not require mitigation of damages in lease contracts.