Common use of DURATION Clause in Contracts

DURATION. The present Agreement will be of duration as indicated in the “DETAILS OF THE AGREEMENT”. If the LESSEE terminates the contract before the ending date, the LESSOR will be entitled to keep the rental deposit as compensation for the lessee´s failure to comply with the obligatory terms of the contract. In case of withdrawal of the lease by the LESSEE, the latter agrees to compensate for the damages and losses that the cancelation before the term produces to THE LESSOR. The compensation will be equivalent to the total amount of the remaining months of the initial agreement. In the same way, the LANDLORD may use the Deposit to cover any loss or damages to the Object of contract, the furniture or any item for common use listed in the Inventory, or in general for any other breach of the obligations included in the present Agreement. Notwithstanding the provisions of the preceding paragraphs and independently of the aforementioned guarantee deposit, the LESSOR may pass on to the lessee the costs arising from the lessee´s failure to comply with the applicable regulations, incidents with the neighbors, the day- to-day use of the Object of contract, and the misuse of the utilities. These costs will have to be paid immediately so that they can be repaired. costes deberán ser abonados de inmediato, para su correcto funcionamiento.

DURATION. The present Agreement will be of duration as indicated in the “DETAILS OF THE AGREEMENT”. If the LESSEE terminates the contract before the ending date, the LESSOR will be entitled to keep the rental deposit as compensation for the lessee´s failure to comply with the obligatory terms of the contract. In case of withdrawal of the lease by the LESSEE, the latter agrees to compensate for the damages and losses that the cancelation before the term produces to THE LESSOR. The compensation will be equivalent to the total amount of the remaining months of the initial agreement. In the same way, the LANDLORD may use the Deposit to cover any loss or damages to the Object of contract, the furniture or any item for common use listed in the Inventory, or in general for any other breach of the obligations included in the present Agreement. Notwithstanding the provisions of the preceding paragraphs and independently of the aforementioned guarantee deposit, the LESSOR may pass on to the lessee the costs arising from the lessee´s failure to comply with the applicable regulations, incidents with the neighbors, the day- to-day use of the Object of contract, and the misuse of the utilities. These costs will have to be paid immediately so that they can be repaired. costes deberán ser abonados de inmediato, para su correcto funcionamiento.