Property Lease Requirements Student’s Name: Institutional Affiliation: Course: Date: In a lease, the property is hired for an agreed period, and in return, some payment is paid out for the property. The following lease is wrong in some way and needs correction. On the insurance part, the only person with property insurance is the resident. This insurance policy part does not involve the landlord as an insured party. What should be done is that the tenant should have a valid certificate of insurance, which defines the landlord as an additional insured party (Gunderson, 2012). On what should be added, the contract should entail the owners’ will to protect the tenant’s personal property.
