Common use of THE TERM OF THE LEASE Clause in Contracts

THE TERM OF THE LEASE. II.1 The lease is entered into for a term determined by the parties, which term will begin on the agreed date and ends on the agreed date. The leased space must be transferred in a good state. II.2 In case of premature notice of termination of the leased space within the agreed term of the lease, the rent for the entire agreed term of the lease continues to be due, unless the parties agreed otherwise. II.3 If the lessee does not begin to use the leased space on the agreed date for any reason whatsoever, the rent will nevertheless be due with respect to the entire agreed period and the leased space will be kept available at the lessee's expense and risk. If the lessee does not immediately begin using the leased space after a demand to that effect, the space is at the free disposal of the lessor, whereas the agreed rent continues to be due in full. II.4 The lessor reserves the right not to extend the agreed term of the lease after it has expired. II.5 If the lease agreement has been concluded for an indefinite period, the lease agreement ends by written notice of termination from one of the parties to the other contracting party, with the due observance of a period of notice of 1 week.