A premise owner is not under an absolute obligation to remove asbestos, but is under an obligation to notify tenants of the presence of asbestos. If asbestos is present within a premise environment, a tenant could, among other things, legally notify the premise owner to choose between removing the asbestos or not being paid rent. Let us look at the rules and regulations surrounding the premise owner's responsibility with regards to asbestos.
To create a contract, it is required that both parties can become involved in the contract. When it amounts to legally binding agreements, specific individuals are at all times regarded as being short of legal ability, or "capacity", to contract. As a legal issue, they are essentially assumed not to understand what they are doing. These individuals - lawful minors and the mentally ill, for instance - are situated into an exclusive group. If they become involved in a contract, the agreement is deemed "voidable" by them, as the individual who was short of capacity to become involved in the agreement in the first place. Voidable signifies that the individual who was short of capacity to become involved in the contract can either terminate the contract or allow it to move forward as settled on. This safeguards the party who is short of capacity from being coerced to go through with a deal that profits from his or her shortage of know-how.