Common use of Duration Clause in Contracts

Duration. The Lease is entered into for the duration stated in the Specific Conditions, which must be a term from four (4) months upto twelve (12) months. On the Expiry Date, the Lease will lawfully expire by simply having reached that date, without any formality being required by either of the Parties. However, the Parties may, upon the Expiry Date, decide to renew the Lease provided that the Tenant still complies with the requirements, set up in article I of the General Conditions of the Lease. On the Expiry Date (or date of early termination), the Leased Property must be returned free from any occupants and any furnishings belonging to the Tenant. In the event the Tenant fails to comply with this Article, the Tenant will be considered as an occupant with no right or title; and shall be liable for an occupancy compensation stipulated in Article XII below and his eviction shall take place on the decision of a judge with the authority of res judicata.