Sentences with phrase «of lease clauses»

The University of Indiana's Student Legal Services has compiled a list of lease clauses to look out for:

Not exact matches

A kickout clause lets you out of the lease after a certain time period — usually three or four years — if your revenues don't reach expectations.

If she moves her stuff into storage and breaks her lease (allowed under military lease clauses) at her apartment, she could bank most of that income.

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.

It alleges by entering into a lease that has a first right of refusal clause in it, Woolworths may have breached an enforceable undertaking it signed with Australian Competition and Consumer Commission in 2009.

In notifying the city of Anaheim last week of their intention to use an escape clause in their lease for Anaheim Stadium, the Rams in effect told the NFL: We may be moving, and there's nothing you can do about it.

«It actually caused me to take a look at some contracts, our leasing agreements with Mr. Paladino to see if we had any kind of moral turpitude clause....»

«It actually caused me to take a look at some contracts, our leasing agreements with Mr. Paladino to see if we had any kind of moral turpitude clause, which we don't, and he successfully won those bids and we'll honor them.»

The Empire State Development Corporation inserted a clause into its lease proposal with Ratner that would allow the developer to bail on the construction of 2,250 affordable units, by claiming that such construction would be «subject to governmental authorities making available... affordable housing subsidies,» the Brooklyn Paper reported.

If the lease agreement contains an optional clause providing the hirer with a right to purchase the equipment at the end of the term, it is a hire purchase agreement.

(a) Where all or part of a contract will be performed on Government - owned or leased property, the contracting officer shall insert the clause at (TAR) 48 CFR 1252.223 - 71, Accident and Fire Reporting.

For purposes of the clause entitled «Loss of or Damage to Leased Aircraft,» the fair market value of the aircraft to be used in the performance of this contract shall be the lesser of the two values set out in paragraphs (a) and (b) below:

Generally landlords get whatever amount of money they ask for, as well as whatever lease clauses they desire to put in there because of the level of competition.

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.

Beware, too, if the contract also lacks a severability / savings / escape clause to save the remainder, the whole contract can possibly go void because of a defect like this, but of course Chase has one in the cardmember agreement so don't get too excited on that one but you can still look at other contracts you might have (such as leases for example, future increases in rent must be defined in some way or they are void, such as if they are arbitrarily spelled out as «to be agreed upon» or similar language).

The renters insurance lease clause will generally require you to have a policy that covers at least a certain amount of liability, insures everyone in the household, and lists the landlord or their agent as additional interest so that they'll be notified if the policy cancels, lapses, or otherwise does not remain in force.

Re: REITs: Most leases have rent esclation clauses that increase the rent over the course of the lease term (ex: a tenant in mall might lease space for 10 years with the rent increasing 2 % per year to cover inflation expectations for the landlord).

Alternatively, a potential adopter may bring a copy of their lease / rental agreement showing they have a pet clause.

Please provide a copy of the rental or lease agreement with the pet clause and list your landlord's information:

If so Please provide a copy of the rental or lease agreement with the pet clause and list your landlord's information:

Your lease may have a clause in it requiring that your pet not be allowed to make loud noises repeatedly or for an extended period of time.

She is hoping to keep several of the cats that are too old or feral to be adoptable, and a few that are her personal pets, but the landlord is insisting that, because of her lease's «no pet» clause, and despite her claim that he knew of at least some of her cats for more than a year, she can't have any.

Both Cooper Union and Singer declined to provide The Villager with a copy of the lease, citing a confidentiality clause that Singer inserted.

It was only the eruption of anger in the popular press that prompted national house - builders to issue grovelling apologies and promise to remedy the offending lease clauses.

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.

For example, if you sign a lease with a Joint and Several Liability Clause and rent an apartment with several others, all of you are responsible for each other's share of the rent.

The problem for prospective purchasers of leases is that most banks and commercial lenders insist on further investigation where a lease clause links increases in ground rent to RPI, and some of the smaller banks will refuse to lend against such a lease at all.

But what about some recent examples of leases with clauses allowing the ground rent to double every 10 years?

With the dust having firmly settled and break clauses tweaked following last year's landmark case of Marks & Spencer plc v BNP Paribas, where it was deemed that rent paid in advance before a break date would not have to be refunded for the post break period unless the lease expressly stated this, a new...

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.

If there is such a clause in the lease then that would be allowed, but they can't now decide that they have this right (the terms of a lease can't be changed in the middle).

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.

(3.3) The Minister may make regulations governing the sale, lease or other disposition of school sites or parts of school sites or property to which resolutions referred to in clause (3)(a) apply.

As it turns out, buried deep in the lease agreement, is a clause that specifically states that the Tenant is responsible for the removal of those fixtures (even if the Tenant was not the one who installed those fixtures).

The Tenant and the Tenant's real estate agent do not recall this clause in the earlier drafts of the lease agreement.

I assume there's a «quiet enjoyment» clause in the leases, and someone may be able to fight (at the very least) the photography part of this addendum based on that.

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».

The council served a notice requiring possession of the property on 15 July 2005, purportedly pursuant to a clause in the lease entitling the landlord to terminate the lease at any time on giving 28 days» prior written notice.

Dukeminster (Ebbgate House One) Ltd v Somerfield Property Company Ltd (High Court & Court of Appeal)(rectification of lease and construction of complex rent review clause in lease of distribution warehouse)

He leads a team with a broad range of experience across the full scope of property disputes including adverse possession claims, squatter evictions, compulsory purchase, easements, wayleaves and other third party rights, dilapidations claims, lease renewal litigation, the operation of break clauses, possession claims and housing law litigation.

Prudential Assurance Company Ltd v Exel UK Ltd (High Court)(validity of tenant's attempt to exercise a break clause in lease of substantial warehouse)

Importantly, the Court upheld its decision despite the existence of a clause in the lease which stated that the landlord could exercise multiple remedies.

The recent Supreme Court decision in Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited and Another [2015] UKSC 72, [2015] All ER (D) 24 (Dec) dealt with that perennial source of contentious work for the landlord and tenant specialist, a tenant's break clause in a commercial lease.

Clause 8 contained a tenant's break clause: by giving six months» written notice, the tenant could determine the lease on the «first break date» of 24 January 2012, under cl 8.1, or on the «second break date» of 24 January 2016, under cClause 8 contained a tenant's break clause: by giving six months» written notice, the tenant could determine the lease on the «first break date» of 24 January 2012, under cl 8.1, or on the «second break date» of 24 January 2016, under cclause: by giving six months» written notice, the tenant could determine the lease on the «first break date» of 24 January 2012, under cl 8.1, or on the «second break date» of 24 January 2016, under cl 8.2.

Some UK law firms have experience of negotiating some green clauses into conventional leases but there is very little experience of drafting mid - and dark green leases.

Edward Denehan successfully appealed to the Upper Tribunal (Lands Chamber) against a decision of the First Tier Tribunal refusing to allow a landlord to recover litigation costs against a tenant under an indemnity clause in a long lease in a case where the FTT had awarded the landlord part of its costs under rule 13 (1)(b) of the Tribunal Procedure (First - tier Tribunal)(Property Chamber) Rules 2013: 87 St George's Square Management Ltd v Michael Henry Anthony Whiteside [2016] UKUT 438 (LC).

Recent highlights include handling a right of access dispute between two farmers; representing trustees of the Westoby Pension Fund in a construction dispute, which involves a dilapidations claim and structural engineering issues; and acting for a food company, as the commercial landlord, in a dispute regarding a lease break clause.