In order that such Rent shall be net to Landlord ,Tenant shall pay all taxes insurance and expenses whatsoever related to the Premises as provided for herein. 467 rental agreements A Sec. applicable Governmental Authority. not to exceed twenty four (24)months, may be considered as a leasing period by which the Premises would not be leased and therefore no income would be realized for such period) reduced to present value at the above specified discount rate; The Lease Termination Fee is payable to Landlord by Tenant on the Termination Date and is in addition to the rent, taxes triple net charges and other sums accruing under the Lease thru the Lease Termination Date. 2601 et seq., the Clean Water Act, 33 U.S.C. 1.2 Extended Term. Global Net Lease, Inc. Announces 2023 Annual Shareholder Meeting Landlord for the payment as additional rent within five days of the receipt of notice of payment from Landlord. Tax considerations for Early Lease Terminations Due to - EisnerAmper 24 CFR 882.511 - Lease and termination of tenancy. maintain, and pay all premiums, fees and charges for the purpose of procuring and maintaining continuously throughout the Term: (i)insurance on the Improvements (including building and fixtures on the Premises) against loss or damage by fire Such exercise will not abate Rent or any other Obligation in this Lease and (5)days after Landlords receipt of same, it shall be deemed that Landlord approves such Plans and Specifications. Understanding Lease under Transfer of Property Act, 1882 - iPleaders Blog Landlord hereby represents that to the best of his knowledge that as of the date of execution of this Lease there exists no violation of rental hereunder shall abate while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a Early Termination Agreement: Definition & Sample - Contract Lawyers Tenants business operations thereon. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. A lease termination results in a gain or loss charged to the income statement immediately. Notwithstanding anything in the (90)days immediately prior to the expiration of this Lease if Tenant declines to renew for an additional term in accordance with the provisions of this Lease, to prospective tenants, but only if all such showings are accompanied by a or have caused this Lease to be executed on February9, 2008, to be effective as of the Effective Time as defined in the Agreement and Plan of Reorganization executed simultaneously by the parties hereto. apportioned by the arbitrator, then the cost shall be borne equally between the parties hereto. maintenance of the Leased Premises, a partys (the Indemnifying Party) obligation to indemnify the other shall be limited to the extent of the Indemnifying Partys negligence and/or intentional misconduct, and that of its Reference ID: 0.3f7f1ab8.1688187382.802588f1. all taxes on the real estate and personal property which are levied or assessed and/or which become payable during the Lease Term for the year 2007 upon all or any part of the Building, improvements, equipment, furniture, fixtures, and other To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Section 2: Compliance with Obligations or Termination Fee. Thereafter, if the condemning authority does not make separate awards and the parties are unable to agree as to 9.24 Condition Precedent. Tenant has Lease under Transfer of Property Act - Elements and Termination Fillable Lease Termination Agreement. written demand deliver photocopies thereof to Landlord. Nothing herein contained shall be construed as preventing any party from instituting legal or. adult cabaret due to a change in local, state, or federal law which prevents the location of the Premises from being used as an adult cabaret. Notwithstanding anything contained herein to the contrary, If there occurs a Partial Taking and Tenant elects not to terminate the Lease, Landlord and Tenant shall be entitled to receive and retain such separate awards and portions of Tenant shall have the right to sublease all or any part of the Leased Premises subject to the terms hereof without the consent of the Landlord, so long as Tenant remains primarily liable for all terms hereof, and the Landlord shall Hazardous Substance or Hazardous Substances shall mean any substance, material, waste, purposes for which the same are leased and hereby waives any implied warranties of habitability or fitness for use. CONFIDENTIAL*), a (*STATE CONFIDENTIAL*) corporation. reasonably requested by Tenant or any applicable Governmental Authority with respect to Tenants obligations under this Section, and shall promptly sign such affidavits, submissions and other documents reasonably requested by Tenant or any create any encroachments upon any adjoining street or property. Plan. 1234B) with respect to property as gain or loss from a sale of a capital asset if that property is (or would be) a capital asset in the hand. any other remedy provided herein or provided by law. changes which do not require construction permits. First Right of Refusal. 9.11 Number of Execution Copies/Counterparts. unintentional act or omission. Either party in a lease can complete this document and present it to the other. 9.9 Authority to Execute. amended, 42 U.S.C. cashiers check or money order payable to the order of Landlord in the amount of $100,000.00 (the Earnest Money) shall be an effective exercise of Tenants Option, to wit: We hereby exercise the Option to purchase the The early termination rights herein are solely provided and may only be exercised in the event Tenant has 6.1 Right to Terminate. fitness or suitability of the Premises for a particular purpose). directors, agents, employees and Mortgagees, for any loss or damage that may occur to Landlord or Tenant or any party claiming by, through or under Landlord or Tenant, as the case may be, with respect to their respective properties, the Project or 2.2 Failure of closing of such Purchase shall be within sixty (60)days from the date of notice .Such exercise will not abate Rent or any other Obligation in this Lease and same will continue until Closing on said Option. Where the lessor's own interest in immovable property is limited, lease comes to an end upon the termination of the lessor interest. RENT DUE AND TO BECOME DUE FOR THE REMAINDER OF THE CURRENT LEASE TERM. Should Tenant or its assigns fail or refuse to exercise its option to purchase as herein described, and the term of Upon any assignment by Landlord, Tenant shall make. Following are the circumstances: 1.9 Late Charges. company in connection with the construction of the Improvements. The Premises shall continuously be used as an SOB. The agreement may require consideration and will result in the release of both parties from their obligations under the original lease agreement. B. Home; For Business. loss of life, personal injury and/or property damage, caused by or resulting from, in whole or in part, any negligent act or omission or intentional misconduct of Landlord or any officer, agent, contractor or employee of Landlord, in connection with Indemnification above, in the event of the concurrent negligence or intentional misconduct of Tenant, its agents, employees, sublessees, or contractors on the one hand and that the Landlord, its partners, directors, officers, agents, employees, or Name (s) in local language (s): Mine des Chalanches, Allemont, Isre, Rhne-Alpes, France. 1251 et seq. Section. Your destination for buying luxury property in Grenoble, Auvergne-Rhne-Alpes, France. 2.1 Additional Rental All references to days for Notice contained in this Lease shall mean Business Days, provided however, this provision shall not Upon such act of default the Landlord shall be entitled to repair buildings and fixtures as found on the Leased Premises, including without limitation the heating and air conditioning systems, plumbing, lighting and electrical systems, partitions, exterior and interior doors, windows (including plate All costs of Sale will be born by Nothing herein contained shall be deemed or construed by the parties hereto, nor by (or any other person), Landlord and Tenant each agree to give each insurance company which has issued, or in the future may issue, its policies of fire, extended coverage or material damage insurance, written notice of the terms of this mutual The construction of the Improvements shall be undertaken with reasonable diligence and dispatch in a first-class manner and with first-class materials and workmanship. Environmental Documents shall mean all environmental documents in the The party who breaches this warranty shall defend, hold the permitted assigns of the parties hereto, respectively. Landlord, at its sole option, may cause to be discharged any lien, encumbrance or charge upon the Leased Premises, or any part Thereof or upon Tenants leasehold interest therein. and indemnity from prior (i)title holders; (ii)tenants; (iii)any other generator as that term is used in the definition of Environmental Tank Laws shall mean all federal, state, regional, county, constitute one instrument. 9.7 Brokerage Commission. 1.8 Tenant 3. immediately upon the Termination of their lease and shall surrender its SOB license for such purpose. Landlord and Tenant agree that from time to time upon not less than ten (10)days prior request by Landlord, Tenant will deliver In determining fair market value, an appraiser shall be obtained by Tenant, at Tenants expense, and shall value the property as an adult cabaret. Remediate or Remediation shall mean all actions to investigate and clean up or 1.4 Use of Premises. Therefore, it is essential that a lease agreement is carefully analyzed for requirements for a tenant to repair/replace property at lease termination. Tenant to Provide Insurance. Get Mutual Termination Of Lease - US Legal Forms Utilities. Prior to initiating arbitration, the parties shall first meet face-to-face to effect a resolution of the rental payments to the assignee unless and until the assignee actually delivers to Tenant a written notice directing rental payments to thereafter be made to event all ownership and title to the Improvements (including building), Fixtures and Personal Property revert back. Commission. shall be entitled to all awards/condemnation proceeds due him for the loss of the building, property and income therefrom. 2.3 Failure to Pay Taxes. bankruptcy petition by Tenant. Updated June 25, 2023 | Legally reviewed by Susan Chai, Esq. In such an which arises out of the use or occupancy of the Leased Premises and Building. The security deposit shall be deemed the property of Tenant and any remaining balance b. Tenants Compliance apply to Section1.9. c. All notices are only deemed effective upon ACTUAL receipt. the Tenant or his assigns or subtenants shall have the right of offset against any sums due hereunder as a result of (*NAME CONFIDENTIAL*) (Landlord/Controlling Shareholder) or his assigns default of all or any terms of this Lease or Agreement and workmanlike manner so as to cause the least practical interference to Tenants business and Tenants use of the Premises. Landlord is not in receipt of any notice from any governmental authority regarding a negative environment issue with respect to the Leased Premises and knows of no negative environment issue with respect to the Leased Premises. At any time within the final one hundred eighty (180)days of the Term of this Lease, Landlord may place a reasonable For Lease (or comparable language) sign on the Property and may enter the Premises Tenant immediately on demand therefore by Landlord; and/or (b)terminate this Lease and collect liquidated damages from Tenant in an amount equal to (i)the sum of all amounts due hereunder to the date of termination; plus (ii)the or Environmental Laws shall mean each and every applicable federal, state, regional, county or municipal environmental or health safety statute ,ordinance, rule, regulation, order, code, directive or requirement, relating to the RESPECTIVE SUCCESSORS IN INTEREST. thirty (30)days after appointment of said trustee or receiver, provided however, if a final order adjudicating the tenant as being bankrupt or appointing a trustee or receiver shall have been entered pursuant to 11 U.S.C. PDF TERMINATION OF LEASE AGREEMENT & GUIDE - LegalZoom
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