Sentences with phrase «original lease ends»
(5) If, before the end of the 79th year of the term of a lease (the original lease) granted under this section, a Land Trust grants another lease under this section covering the area of land concerned (whether or not the other lease also covers other land), the original lease ends at the time the other lease takes effect.
https://www.humanrights.gov.au/ Not exact matches
In the original lease agreement signed by Flaum and County Executive Joanie Mahoney in 2015, the company had agreed to waive rent payments if the county took steps toward buying the space by the end of 2017.
If you don't sign the new lease, the tenancy ends at the termination date of the original lease.
The end - of - lease buyout options are fair market value (FMV), 10 % of original purchase price, and «bargain purchase» (typically $ 1 or $ 101) buyout.
(Interestingly enough, all of their original leases are from mid-August to end of July, with 12 equal instalments.)
For the Application Judge, because the Parties failed to agree on a rental rate nine months before the end of the original lease term, McDonald's is obliged to either refer the issue to arbitration or revoke its intention to renew.
The tenant served notice that it wished to exercise the option to renew in time but failed in negotiations to agree to the new rental rate at least 9 months before the end of the original term as required in the lease.
In the subject case on the Landlord's original application for a declaration that the lease be at an end upon the expiry of the initial term, it was found that due to circumstances as outlined above, the lease was uncertain as to a material term (the rental rate) and as such the parties were left without an enforceable agreement.
If you don't sign the new lease, the tenancy ends at the termination date of the original lease.