Sentences with phrase «lease clauses from»

Not exact matches

Then it dawned on him that his long - term tenants might be responsible, despite a clause in their lease barring them from using his place for transient occupancy.

Our understanding is that previously they had told both the Brampton Trustees and the Hospital that the proposed sub-lease to the SJWMP with the clause exempting them from the Code of Ethics was a breach of trust and that they must either renegotiate the lease or apply to the Charity Commission for an order removing the Ethics clause from the Hospital Constitution and allowing the Brampton Trustees to use their money for non-Catholic purposes.

On April 30, it will become mandatory for most residential landlords to use a 13 - page standardized lease agreement, recently unveiled by the provincial government in hopes of protecting tenants from being tricked by lengthy agreements rife with illegal clauses and language that is hard to understand and often winds up in litigation.

The lease should also include a non-negotiable hold - harmless, or indemnity, clause that shields the landlord from any damage to or injury incurred on the property.

Whereas at the market's height a few years ago a developer might have rigidly insisted on retaining such a clause — safe in the knowledge that another buyer who would accept it was likely to be waiting in the wings — the subtle shift of power to buyers since then means that there is nothing to be lost from a challenge and, in an environment where developers are under increasing public pressure to grant fair leases and to do away with RPI, everything to be won.

Without such a clause in say a lease contract, a lessor who has waived their right to terminate the lease for late payment of the rent in the past may be barred from executing that right in the future.

Before you take any action, check your rental or lease agreement for clauses allowing or preventing you from subletting the rental property.

For example, this was the intent the lease from the office I moved out of earlier this month where the holdover clause doubled the rent during a holdover period.

This can include anything from the lease term, termination clauses, or how much upkeep you are expected to take care of as the lessee.

In KPMG v Network Rail Infrastructure Ltd [2007] EWCA Civ 363, [2007] All ER (D) 245 (Apr), the Court of Appeal considered the interpretation of a break clause in a lease from which it was apparent that some critical words had been omitted.

Your landlord can not evict you unless engaging in sex work would contravene a specific term in your lease agreement; for example, a clause that prevents you from running a business from the premises.

After some judicial disagreement, it appears now to be settled that the fact a lease includes a break clause does not prevent it from being a lease for a term of years certain within the meaning of these sections.

Critical to the decision of the Court of Appeal was the wording of cl 1 of the lease which set out the term granted in the following way: «from and including 1 January 2003 to 28 September 2004 (hereinafter called «the term» which expression shall include any period of holding over or extension of it whether by statute or at common law or by agreement)...» Rimmer LJ, who gave the only substantive judgment in the case, referred to the words in brackets in this clause as «the words of extension».

Whether these myths come from TV, movies, or well - meaning friends or family members, the reality is that in many cases you can not break the lease, you will be held to your non-compete clause and you may well be prevented from suing for damages if you are injured during an adventure activity by the waiver that you signed voluntarily.

Recent highlights include advising an airport on its strategy for managing land compensation claims; representing a pharmaceutical company in a dispute over the exercise of a commercial lease break clause relating to an office premises; and assisting a plc client with its strategy for dealing with compensation claims from residential property owners.

Reviewing case law from throughout the United States, the Court of Appeal concluded that the law disfavors perpetual leases; that perpetual rights must be explicitly stated; and that a renewal clause that is ambiguous as to the number of renewals confers only a single right of renewal.

Dispute as to whether previous award of damages for breach of a «keep open» clause in a commercial lease precluded the landlords from enforcing the repairing obligation and having the vacant premises put into a condition whereby they could immediately be traded from.

One of the clauses of the lease required the tenant to carry on its business on a continuous basis from the leased premises.

Many Agreements of Purchase and Sale will include a largely standard «no assignment» clause, which disentitles the original buyer from «directly or indirectly» taking any steps to «lease, list for sale, advertise for sale, assign, convey, sell, transfer or otherwise dispose of» the property or any interest in it.

In order to properly comprehend the scope of the use and exclusive use provisions each box store is likely to require, the landlord can often contact the business representatives of the box stores to request copies of their respective use and exclusive use clauses from their form leases.

Their purchase agreement contained a standard clause prohibiting them from leasing their home «for the protection of owners with regard to financially responsible residents.»

This clause releases the landlord and tenant from claims they have against one another, but only to the point that they are insured or are required to be insured under the terms of the lease.

Keeping a building green requires specific leases clauses as well as cooperation from the landlord and tenants.

Here is a clause to assist you in making sure the seller does not remove anything that the buyer is expecting to receive on closing: «The seller represents and warrants that all existing flooring and floor coverings, drapery tracks, ceiling fans and fixtures, built - in appliances, bathroom mirror (s), heating - ventilating - air conditioning equipment, central vac and accessories and all other items secured by means of nails, screws, plumbing, wiring, ducting and related accessories that are now on the property are to be included in the purchase price except items which are leased or rented and those specifically listed herein and all shall be in working order and free from all liens and encumbrances on completion.»

The formula for calculating the Net Operating Income of a property is the following: NOI = Effective Gross Income — Operating Expenses + Recoveries (4) Notice that typically commercial leases include clauses through which a significant portion of operating expenses is recovered from the tenants.

I want to add a clause to the lease agreement to protect me from tenant, pet or their company if an accident occurs due to water.