Sentences with phrase «default under the lease»

Resident's failure to timely vacate upon any such termination shall be a default under the lease and monthly rent shall be calculated at the full Lease amount in assessing any damages or costs.

810 ILCS 5 / 2A -506 (1): An action for default under a lease contract, including breach of warranty or indemnity, must be comenced within 4 years after the cause of action accrued.

The statement of claim is filed over 4 years after the last payment of rent, over 4 years after the tenant vacated the premises, and over 3 1/2 years after the landlord served its written notice of default under the lease.

Kaplon - Belo Assoc. v. Farrelly (221 A.D. 2d 321)- summary judgment granting broker's commission affirmed; broker entitled to commission when procures tenant ready, willing and able to lease on terms acceptable to lessor; lessor's execution of lease with procured tenant entitles broker to commission notwithstanding tenant's default under lease shortly after its execution; agent for an undisclosed or unidentified principal is individually liable on contract signed by agent without disclosing his agency

The most basic form of nondisturbance and attornment agreement assures the tenant that the mortgage holder will not disturb the tenant's possession as long as the tenant is not in default under its lease and the tenant agrees to recognize and treat the lender (or other owner after a foreclosure sale) as landlord, i.e. «attorn.»

Not exact matches

Under the «default» expectation, in the USA, the termination of a residential lease for a term of years (or months) would automatically result in a renewal as a month - to - month tenancy until one party specifically notifies the other of termination.

When default is a condition for early termination of a lease, default charges must also be disclosed under § 1013.4 (g)(1).