The Initial Term Of This Agreement

with No Comments

The parties should look beyond paragraph 1.3, which has a gap to be filled for the start date of the lease. Elsewhere in the lease agreement, paragraph 3.3, delay in possession, provides that if the lessor does not deliver the premises to the lessee by the original scheduled date, there is no fine, unless the lessor delays the delivery of the premises by 60 days. In this case, a tenant only has the option of terminating the lease. This section also provides that if the premises are not delivered within 120 days of the start date, the lease ends automatically. These two paragraphs can become problems in the event of a dispute over construction delays for the tenant in order to improve the premises, especially when the lessor is responsible for the work. “The effect of the termination clearly shows the impact of the termination of the agreement on the obligations of each of the parties and how the documents and documents that have been shared should be returned at the end of the agreement. . . .