Relocation Clause. Subject to agreement between the RENTER and RENTERS, the RENTER may at any time during the term to move the RENTERS to alternative accommodation provided that:
Relocation Clause. Is there a relocation clause in the lease that allows your landlord to relocate you if they find a higher paying tenant? Who pays for your moving expenses, you or your landlord? Exclusivity: Does your lease permit your landlord to move competing animal health professionals right next door to your business? Death and Disability Protection: Does your lease offer protection in the event of death or disability, preventing your family or estate from incurring hundreds of thousands of dollars in rent and debt if you’re unable to work? Personal Risk: Who is the tenant listed on your lease agreement? Is it you personally or your incorporated entity? The above are just some of the $100,000 lease traps that thousands of animal health professionals face every day. The solution?
Relocation Clause. 33.12 Landlord's Security Interest ...................... 33.13
Relocation Clause. A relocation clause gives the landlord the ability to move a tenant to another space that is reasonably equivalent in size and layout as the original space, typically on the same floor and in the same building. The purpose of the relocation clause is to balance the landlord's right to control over his or her own building with the tenant's right to have quiet enjoyment of the rental space. On one hand, a relocation clause gives the landlord much-needed flexibility and control over the rental space. On the other hand, it can be extremely inconvenient for the tenant, who may be required to move to another rental space in the middle of the lease term. It can also be very costly for whoever ends up paying for the relocation. Here are a few things to consider when reviewing, drafting, and negotiating the relocation clause in your lease: Where does the landlord have a right to relocate you? (In the same building? On the same floor? Any space the landlord has available? To another building?) How much notice must the landlord provide? A 30 or 60-day notice period will probably not be enough time to do all that needs to be done. 100-120 days might be more appropriate. What are the standards for the new space? For example, will it be of similar size and layout as the current space? Will the views be the same? What about the quality of the finishing, fixtures, and furniture? Will certain types of decorations, such as wall paintings, be transferred? What happens if the new space is a different size? Does the rent get adjusted? Do you have a right to measure that space? Who will pay the cost of relocating and bringing the new space up to the standards of the old space? These costs should always be borne by the landlord, but what about soft costs for things like new stationery, advertising material, logos, and other things that may be affected by the address change? How many times can you be made to relocate? Do you have the right to terminate the lease if the relocation is not acceptable to you?
Relocation Clause. Tenant shall personally guarantee the Lease and is subject to Landlord’s further review of current financials. Please provide guarantors financials INTENTIONALLY OMITTED
Relocation Clause. 26 ONE SENTRY PARKWAY, 000 XXXXXX XXXXXXX, BLUE XXXX AGREEMENT OF LEASE made this 26th day of August, 1998, by and between ONE SENTRY PARKWAY LIMITED PARTNERSHIP, a Pennsylvania limited partnership, with its principal place of business c/o Parec Realty, Inc., 731 Skippack Pike, X.X. Xxx 0000, Xxxx Xxxx, Pennsylvania 19422 ("Landlord"), party of the first part, and ASA INTERNATIONAL, LTD, a Delaware corporation, with a place of business at 00 Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000 ("Tenant"), party of the second part. WITNESSETH THAT, for and in consideration of the rents, covenants and agreements herein contained and intending to be legally bound hereby, the parties hereto covenant and agree as follows:
Relocation Clause. In the unlikely event the Hotel cannot provide a guestroom for a guaranteed reservation, and the room is needed by the Group, the Hotel shall, at its own expense:
Relocation Clause. If Landlord determines to utilize the leased premises for other purposes during the term of this lease, Tenant agrees to relocate to other space in the property designated by Landlord, provided such other space is of equal or larger size than the leased premises. Landlord shall pay all out-of-pocket expense of such relocation, including the expense of moving and reconstruction of all Tenant furnished and Landlord furnished improvements. In the event of such relocation, this lease shall continue in fall force and effect without any change in the terms or conditions of this lease, but with the new location substituted for the old location set forth in Section 1.2 of the lease.
Relocation Clause. Lessor shall have the right upon forty-five (45) days ----------------- written notice to relocate Lessee to similar space, in size and type, with in the Building. Notice to relocate shall be in writing and does not require Lessee's written approval. Relocation costs shall be borne by the Lessor and all terms and covenants of this Lease shall remain in full effect. In the event that Lessor shall request that Lessee relocate during the last six (6) months of the term of this Lease, then, provided Lessee is not then in default under this Lease at the time that the relocation notice is given, Lessee shall have the option, exercisable notice given within five (5) days of the date that Lessee receives Lessor's relocation notice of terminating this Lease effective as of the date specified in Lessor's notice of relocation the date that relocation is to occur.
