Hey Landlord! Is Your Lease Legal?

Written by Mark Walters


The longer you are a landlordrepparttar more you strive to createrepparttar 103001 perfect lease/rental agreement. Landlords learn inrepparttar 103002 school of hard-knocks that some tenants are certified trouble makers and we try our best to protect ourselves with a carefully structured restrictive lease.

That's just good business.... but be careful you don't include any provisions in your lease that may not be legal. For example...

It would be illegal to include a provision that statesrepparttar 103003 resident agrees not to include his or her lease (the lease on your property) in their bankruptcy filing... should their bankruptcy become necessary.

Bankruptcy laws are Federal.. lease law is state law.

Anyone can file for bankruptcy and invoke all protections afforded to them byrepparttar 103004 U.S. Bankruptcy Code... including not making lease payments... at least temporarily.

Here's another caution...

It would be illegal for your lease to require that residents be responsible for injuries he or she sustain duringrepparttar 103005 lease term. The law can legally hold landlords liable for damages and injuries caused due to negligence. A landlord cannot contract that away.

The Teapot Dome Scandal

Written by John Parsons


The Teapot Dome Scandal was one ofrepparttar earliest scandals inrepparttar 103000 American business.

Three naval oil fields, Elk Hills and Buena Vista Hills in California and Teapot Dome in Wyoming, was public land that were reserved by previous presidents to be emergency underground oil supplies to be used byrepparttar 103001 navy only whenrepparttar 103002 regular oil supplies diminished.

The Teapot Dome oil field received its name because of a rock resembling a teapot that was located aboverepparttar 103003 oil-bearing land.

In June, 1920, Congress passed a bill that stated thatrepparttar 103004 Secretary ofrepparttar 103005 Navy would haverepparttar 103006 power "to conserve, develop, use and operaterepparttar 103007 same in his discretion, directly or by contract, lease, or otherwise, and to use, store, exchange, or sellrepparttar 103008 oil and gas products thereof, and those from all royalty oil from lands inrepparttar 103009 naval reserves, forrepparttar 103010 benefit ofrepparttar 103011 United States."

In 1921 Albert Fall was appointed as Secretary ofrepparttar 103012 Interior by President Warren Harding.

Fall then convinced Secretary ofrepparttar 103013 Navy Edwin Denby to turnrepparttar 103014 control ofrepparttar 103015 oil fields over to him.

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