Question

Doug Weston had a six-month apartment lease. The lease provided that if Doug ended the lease early, he would be required to forfeit his security deposit and his last month’s rent. This provision in the lease agreement:​

a. ​is void as against public policy.
b. ​is substantial performance.
c. ​is an assignment of benefits.
d. ​is a liquidated damages clause.

Answer 1

d. ​is a liquidated damages clause.

Step-by-step explanation:

Based on the information provided within the question it seems that this provision in the lease agreement is a liquidated damages clause. This is specifies that a specific amount of money needs to be paid as damages for failure to abide by the guidelines/conditions set forth under the contract. Which is what happened in this situation by Doug having ended the contract early.