HOLDOVER PROVISION Sample Clauses
A Holdover Provision defines what happens if a tenant remains in a leased property after the lease term has expired without the landlord's consent. Typically, this clause outlines the terms under which the tenant may continue occupying the premises, such as increased rent or a shift to a month-to-month tenancy, and may specify penalties or liabilities for unauthorized holdover. Its core function is to protect the landlord by discouraging unauthorized occupancy and providing clear consequences if the tenant does not vacate on time.
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HOLDOVER PROVISION. If Concessionaire does, with the prior written approval of the Director, holdover after the expiration of the Term of this Agreement, the resulting tenancy will, unless otherwise mutually agreed, be for an indefinite period of time on a month-to- month basis. During such month-to-month tenancy, Concessionaire shall pay to City the same Concession Fees as stated for Contract Year Five (5) and other fees and charges as set forth herein, unless different fees are agreed upon in writing by the Director on behalf of the City and the Concessionaire, and both parties will be bound by all the Provisions of this Agreement.
HOLDOVER PROVISION. No renewal option is available. A new lease must be signed for a mutually agreed period of time if the tenant intends continuing occupancy after the term of this lease has expired.
HOLDOVER PROVISION. 1. In the event that the Board and the Association shall fail to secure a Successor Agreement, as hereinbefore provided, prior to the termination of this Master Agreement, the terms and conditions of this Agreement shall remain in force and effect until the Successor Agreement is reached, however, such extended period shall not be for any longer period than shall be allowed by applicable statutes or court ruling.
HOLDOVER PROVISION. In the event the Board of Education and the Stockton Teachers' Association shall fail to secure a successor agreement, as hereinafter provided, prior to the termination of this Master Agreement, the terms and conditions of this agreement shall remain in force and effect until successor agreement is reached, however, such extended period shall not be for any longer Period than shall be allowed by applicable statutes or court ruling.
HOLDOVER PROVISION. A. If Tenant does not immediately surrender the Demised Premises upon the expiration or earlier termination of the Lease, and holds over with Landlord's express written consent, then Tenant shall become a Tenant from month to month and it is agreed that the tenancy thus created can be terminated by either party giving the other not less than thirty (30) days written notice to expire on the day of the month from which the tenancy commenced to run. Tenant agrees to pay monthly rental of Thirty One Thousand Seven Hundred Three Dollars ($31,703.00) during the holdover period and to keep and fulfill all the other covenants, conditions and agreements herein, and in case of default in the payment of rent or breach of any said covenants, conditions and agreements, Tenant hereby waives Tenant's right to a notice to quit.
B. If Tenant does not immediately surrender the Demised Premises upon the expiration or earlier termination of the Lease, and holds over without Landlord's express written consent, then Tenant shall become a Tenant at sufferance and the rent shall be increased to one hundred fifty percent (150%) of the Annual Rental, Additional Rent, and other sums that would have been payable pursuant to the provisions of this Lease if the Lease had continued during such holdover period. In addition, Tenant shall be liable for any and all damages sustained by Landlord as a result of Tenant's holding over.
C. All amounts payable to Landlord during the holdover period shall be paid on the first day of each calendar month during the holdover period until the Demised Premises have been vacated. Landlord's acceptance of such rent shall not in any manner adversely affect Landlord's other rights and remedies including Landlord's right to evict Tenant and to recover damages.
HOLDOVER PROVISION. Tenant must notify landlord of her intention to renew this lease 30 days prior to its expiration date; provided that, nothing herein provides Tenant with a right to renew the lease. A new lease must be signed for a mutually agreed period of time if the Tenant intends continuing occupancy.
HOLDOVER PROVISION. Tenant shall surrender, subject to the provisions of Article 20 and Section 21.2 below, possession of the Premises immediately upon the expiration of the Term or earlier termination of this Lease. If Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of Landlord, then unless Landlord and Tenant have otherwise agreed in writing, Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy, including but not limited to the obligation to pay monthly installments during the holdover period of rent equal to one-twelfth of the Annual Base Rent for the first year of the Basic Term or the immediately preceding Renewal Term, as the case may be. This month-to-month tenancy may be terminated by Landlord or Tenant upon thirty (30) days’ prior notice to the non-terminating party. In the event that Tenant fails to surrender the Premises immediately upon the expiration of the Term or earlier termination of the Lease, then, subject to the provisions of Section 21.2 below, Tenant shall indemnify and hold Landlord harmless against all damages, loss or liability resulting from or arising out of Tenant’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related reasonable attorneys’ fees and brokerage commissions.