EARLY TERMINATION OF LEASE Clause Examples
The Early Termination of Lease clause allows either the landlord or tenant to end the lease agreement before its scheduled expiration under certain conditions. Typically, this clause outlines the specific circumstances that justify early termination, such as breach of contract, non-payment of rent, or other predefined events, and may require advance notice or payment of a penalty fee. Its core function is to provide a clear, agreed-upon process for ending the lease early, thereby reducing uncertainty and potential disputes between the parties.
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EARLY TERMINATION OF LEASE. If the tenant moves out before the lease is over they automatically forfeit their security deposit. The tenant will be responsible for paying the full rent for the month they are moving in, as well as the next months rent. Tenants must allow access to the property within the last 30 days of their move out for showings and inspections.
EARLY TERMINATION OF LEASE. 3.1. Either the City or DIRT RIDERS may terminate this Agreement before its expiration by giving one year’s written notice to the other party.
3.2. This Agreement terminates automatically and immediately if DIRT RIDERS uses the Property for anything other than the Activities, including but not limited to using the Property for any commercial or profit-making activity.
EARLY TERMINATION OF LEASE. Since early termination of this lease would cause financial loss to Landlord, Landlord will release Tenant from the terms of this lease only under the following conditions: 1). Tenant agrees to forfeit any security deposit held by Landlord to cover Landlord’s expense in seeking another tenant.
EARLY TERMINATION OF LEASE. If any housemate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. If any roommate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. Tenant may end this Lease and move out of the Property before the End Date of the Lease or any Renewal Term only with written permission of Landlord, and only if:
a. Tenant continues to pay all rent until the End Date of the Lease, or any Renewal Term, or until a new tenant is approved by Landlord and a new lease takes effect, whichever happens first, AND
b. Tenant gives Landlord written notice, AND
c. Tenant pays Landlord a Termination Fee of $250.00, AND
d. Tenant has vacated Property and removed all persons and personal property by or before the termination date.
EARLY TERMINATION OF LEASE. Due to market conditions for this particular type of housing, the Student acknowledges and agrees to the Owner’s right to liquidated damages, that in the event the Student chooses to end his/her Lease early by abandonment or termination of the Lease, due to Student’s default prior to the ending date listed above. Student will be responsible, at the option of the Owner, to pay as liquidated damages to adequately compensate the Owner for an otherwise inestimable loss and not as a penalty, the rent due and owing for the full term of the Lease regardless of whether or not he/she is physically living in the Premises, unless and until, a replacement tenant has been secured in accordance with Section 15 of this Lease. This reserved right of the Owner is in addition to and not exclusive of or a limitation upon the Owner’s right as set forth in section 21 of the Lease.
EARLY TERMINATION OF LEASE. The Tenant shall not be released from liability for rent and/or other charges under this Lease unless the Landlord agrees in writing to release the Tenant from such liability. If Tenant terminates the lease prior to the expiration date, Tenant will be charged a
EARLY TERMINATION OF LEASE. The lease terminates early if:
EARLY TERMINATION OF LEASE. Tenant anticipates that its business operation may grow during the Renewal Term and such growth could require Tenant to need additional space. In the event Tenant notifies Landlord in writing, requesting additional space consisting of 11,837 contiguous square feet or more and Landlord is unable to accommodate Tenant’s expansion requirements within one of the following buildings: Inglewood Tech Center 1, 2, 3, 4, or 5, Tenant shall have the right to terminate the Lease at the end of the Fourth Rental Year of the Renewal Term, provided Tenant is not in default of any term, covenant or condition of the Lease. Tenant shall exercise the right granted herein by delivering written notice to Landlord of its intention to terminate twelve (12) months prior to the date Tenant intends to terminate. Failure by Tenant to deliver such written notice within the time period stipulated herein shall constitute a waiver of tenant’s right of termination. If Tenant elects to terminate the Lease as provided herein, Tenant shall pay to Landlord as Additional Rent, an early termination fee in an amount equal to due unamortized costs of the Tenant Improvements, which sum shall be calculated on a straight-line basis over the Renewal Term; plus (i) that portion of the broker’s commission due for the remainder of the Renewal Term (based upon a total broker’s commission of $70,038.33), and (ii) an amount equal to three (3) months of the Annual Basic Rent for the Fifth Rental Year of the Renewal term. Upon receipt of Tenant’s notice exercising its right to terminate, Landlord will notify Tenant of the exact amount of termination fee due. Tenant shall have fifteen (15) days from the date of such notice to pay the specified termination fee. If such termination fee is not paid to Landlord within said fifteen day period, Tenant’s notice exercising its right to terminate the Lease shall be deemed void and inoperative. If this Lease is terminated as provided herein, the parties agree to execute an instrument which confirms and effects a release and surrender of all right title and interest in and to the Premises pursuant to the terms of the Lease and otherwise.