On advice of counsel, Dr. Thompson decided to sign a lease with St. Vincent’s Ho
ID: 237711 • Letter: O
Question
On advice of counsel, Dr. Thompson decided to sign a lease with St. Vincent’s Hospital while she uses their space. The agree- ment is in writing and signed by Dr. Thompson and St. Vincent’s CEO. The term of the agreement is for one year and three months. Dr. Thompson and her friend, the CEO, agree that the lease price will be $5,000 for the first month but that they will renegotiate the price each month. Additionally, the space used by Dr. Thompson has much more space than she needs, but the CEO wants to make her feel comfortable. How would you modify the agreement?
Explanation / Answer
It is given that Dr. Thompson signed a lease with St. Vincent's CEO while using the space and the agreement is for 1 year 3 months. So, apart from the lease price, the agreement must also include the statement of using the space for the personal purposes of Dr. Thompson. So that Dr. Thompsom can avoid the legal issues that could arise from using the space that was actually given for lease.
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