Common use of Damages on Default Clause in Contracts

Damages on Default. If the Lessee defaults under the terms of the Lease, the Lessor has the following rights: (a) The Lessor is entitled to the rent and additional rent that is due and unpaid, and those payments will become due immediately, and will be paid up to the time the Lessor retakes possession or the expiration of the Lease, plus any expenses that the Lessor incurs for attorneys’ fees and costs, brokerage costs, returning the Premises to good order, plus interest on rent and additional rent then due. (b) The Lessor is entitled to relet all or any part of the Premises in the Lessor’s name or otherwise, for any duration, on any terms, including but not limited to any provisions for concessions, or for any amount of rent that is higher than that in this Lease, and to apply it to any sum due from the Lessee under this Lease.