Sentences with phrase «to terminate the lease»

If you can find someone else to take over your payments, you can terminate your lease early without taking a hit to your credit.

Many leases now contain a break clause option that allows the tenant to terminate the lease on a rent review date.

First and foremost, there is a precise list of reasons that allow you to terminate the lease of your tenant.

My residential leases include an option to pay X months rent and give 30 days written notice to terminate the lease at tenant's leisure.

If you attempt to terminate a lease for «no reason,» it might be construed as discrimination, so it is best to talk to a lawyer.

A fee paid to terminate a lease agreement early is considered rental income when you receive the payment.

An early termination fee is a fee to terminate your lease before the end of its term.

If the landlord doesn't turn them back on, the tenant may terminate the lease in writing.

You don't need any reason to terminate the lease because there is no lease.

Death does not terminate a lease (unless the lease expressly provides otherwise), so your estate would be responsible for closing it out.

A lease termination letter template is prepared for people who want to terminate the lease contract before the agreed time.

If the landlord has the right to terminate the lease once you ask for an assignment, that could kill your sale.

While it will provide you with the flexibility to move whenever you want, it will also give the landlord the option to raise your rent or terminate your lease at any time.

Neither you nor the landlord can terminate the lease early unless there is a permitted reason under the lease terms or under local, state, or federal law.

Essentially, this right allows the landlord to terminate the lease if any of the events listed above may occur or are threatened to occur.

If we put our property on the market, we have the right to terminate the lease agreement.

If the landlord doesn't turn them back on, the tenant may terminate the lease in writing.

But you're probably not in a position to terminate the lease because you need the income to pay the mortgage.

Six months after Landlord terminated the lease with Tenant, Landlord initiated eviction proceedings against Tenant.

You can get a $ 1,000 certificate towards a new Mercedes - Benz lease or purchase, a $ 100 certificate towards accessories, and up to 2,000 excess miles waived, when terminating a lease.

A recent Ontario Divisional Court decision has sought to clarify conflicting decisions and provide guidance as to the obligations of tenants when their landlords terminate their lease early.

In the normal course, leased vehicles are routinely repaired without the leasing company terminating the lease.

PCI seized and sold Delane's goods, and then terminated the lease.

If the City terminated the lease after forty - seven years it had to pay the value of the «works and erections... in use».

You also have the option of terminating a lease whenever you choose once you have given a 30 - day notice to the tenant.

The majority held that the reason for the reference to section 29 of the Act within clause 1 was to provide guidance to the appraisers in making valuation when the City terminated the lease.

Certain lessees will be able to terminate their leases without penalty, and certain owners will also be excused from loan obligations, according to the Plaintiffs» Committee for Volkswagen «Clean Diesel» Litigation.

Flagler Station II gets 70,000 - square - foot industrial lease PriceSmart just terminated its lease for 122,000 square feet at Flagler Station II in Medley, and signed...

Belvino put the vineyards up for sale in February last year after winemaker Neil McGuigan's ASX - listed Australian Vintage Limited terminated its lease over the property early at the end of 2015.

A special committee of the Ulster County Legislature has called on the Catskill Mountain Railroad to drop its suit against the county in exchange for the county abandoning its effort to immediately terminate its lease with the railroad.

Prematurely terminating your lease early can also be reported, though many landlords have been reporting this type of information to the major credit bureaus for years.

Here's the detail on what has happened: * VaxGen failed to pay 1/1/09 rent within the 5 - day period required under the terms of the lease (sec 26A2) * Lessor officially terminated the lease in writing on 1/23/09

o terminate the lease.

Hence, it is important to negotiate a «notice clause,» which states that the landlord must give the tenant some number of days» notice and the opportunity to cure the default before the landlord's right to terminate the lease comes into existence.

Assuming that the mold issue is resolved before the thirty day cap, does tenant A have any other legal reason to terminate the lease since they are unhappy with the new landlord, and their current lease was signed under the idea that Managing Company X would still be the owner of the property?

There are other options and provisions in our printable Lease Agreement form — such as the number of keys provided, whether there is storage space, and how to go about terminating the lease — so you can rest assured that your Lease Agreement will be right for you and your tenant.

The drafting entitled M&S to terminate each lease by paying a break premium and giving six months» notice.

It says nothing about assuming their rights, such as the right to change the locks with the landlord's consent, or the right to stay in the residential premises until they decide to leave or one of the conditions allowing a landlord to terminate the lease applies.

Three years later, Deanwater exercised a break clause which terminated the lease on 25 December 2004.

These templates can show you how to write a letter terminating a lease or rental agreement.

Because filing an unlawful detainer against a tenant behind on the rent terminates the lease, many managers are instead choosing to sue for breach of lease, seeking damages rather than possession.

If she goes on holidays or shuts down, as she just did, the landlord not only has the right terminate the lease, but also to accelerate rent payments at a 50 per cent mark - up.

· Incorporate language in your standard lease allowing the landlord to terminate the lease upon request for an assignment or transfer of the lease.

In the event that the seller defaults under the lease, the buyer can simply terminate the lease and have the seller evicted.

It's just a matter of terminating the leases on filthy messy tenants.

If it's beginning to sound like it would just be easier and cheaper to pay the balance of the loan or terminate the lease at whatever penalty, you're starting to understand why contracts are so often written the way they are.