Breaking Lease Sample Clauses

The 'Breaking Lease' clause outlines the conditions under which a tenant or landlord may terminate a lease agreement before its scheduled end date. Typically, this clause specifies the notice period required, any penalties or fees that may apply, and the acceptable reasons for early termination, such as job relocation or property damage. Its core practical function is to provide a clear, agreed-upon process for ending the lease early, thereby reducing uncertainty and potential disputes between the parties.
Breaking Lease. If all Tenants seek to terminate the Lease after signing this Lease but prior to the start of the Term, Tenants shall send written notice to Lessor of such request. Lessor may withhold, condition, or delay its approval or denial of such request in its sole discretion. After the Term, Tenants shall not be allowed to terminate the Lease under any circumstances. If Lessor approves Tenant’s request to terminate this Lease, this Lease shall terminate upon the satisfaction of the following conditions: (i) Tenants shall pay a termination fee as follows: Studio / 1 bedroom - $1000.00; 2 bedroom - $1700.00; 3 bedroom
View SourceView Similar (2)
Breaking Lease. Residents must notify the DigiPen Housing Department of their intentions to vacate in writing and must pay 2 months rent (amount is based on the type of apartment they are placed in) as a cancellation fee and will be pro-rated for the rest of their semester in Housing.
View Source
Breaking Lease. If a Tenant wishes to terminate the lease prior to the Expiration Date, Tenant shall provide Landlord written notice thirty (30) days prior to Tenant’s new anticipated termination date. ▇▇▇▇▇▇ agrees to pay to Landlord an amount equal to one (1) month of rent as a lease break fee (“Lease Break Fee”). The Lease Break Fee is in addition to any rent or other amounts due from Tenant to Landlord prior to the new anticipated termination date. Tenant’s Security Deposit may not be used to pay any rent or fees, including without limitation the Lease Break Fee. All rent and any applicable Lease Break Fee is due immediately upon, and simultaneously with, ▇▇▇▇▇▇’s notification to Landlord of the decision to terminate the Lease. The Lease Break Fee is nonrefundable. If applicable, the Lease Break Fee covers the cost of: all showings, finding new prospective tenants, processing new tenant applications, and facilitating new lease signing/move in. Tenant is responsible for paying rent and all other costs associated with the Lease and otherwise complying with this Lease and maintaining the Premises as required by this Lease until the Premises is re-leased and the Landlord-approved termination date occurs.
View Source
Breaking Lease. If all Tenants seek to terminate the Lease after signing this Lease but prior to the start of the Term, Tenants shall send ▇▇ ▇▇▇▇▇ notice to Lessor of such request. Lessor may withhold, condition, or delay its approval or denial of such request in its sole discretion. After the Term, Tenants shall not be allowed to terminate the Lease under any circumstances. If Lessor approves Tenant’s request to terminate this Lease, this Lease shall
View Source
Breaking Lease. If Tenant(s) must break lease before the expiration of the lease 404 agreement the Tenant shall be responsible for monthly rent payments until the 405 premises are re-rented or the until the expiration of the lease, whichever comes 406 first. Tenant shall pay an administrative fee of $250 to The Owner at the 407 commencement of the breaking of the lease to relist the property. The Landlord is 408 under no obligation to relist the property and under no circumstances will a lesser 409 rent amount be accepted for the duration of the term.
View Source
Breaking Lease. The Company will reimburse the employee for the actual cost of breaking a lease on the employee’s primary residence at the original location. The reimbursement will not exceed the amount for six month’s lease payments.
View Source

Related to Breaking Lease

  • Ground Lease (a) Each Ground Lease contains the entire agreement of the Borrower or the applicable Subsidiary Guarantor and the applicable owner of the fee interest in such Unencumbered Property (the “Fee Owner”), pertaining to the Unencumbered Property covered thereby. With respect to Unencumbered Property subject to a Ground Lease, the Borrower and the applicable Subsidiary Guarantors have no estate, right, title or interest in or to the Unencumbered Property except under and pursuant to the Ground Lease or except as may be otherwise approved in writing by Agent. The Borrower has delivered a true and correct copy of the Ground Lease to the Agent and the Ground Lease has not been modified, amended or assigned, with the exception of written instruments that have been recorded in the applicable real estate records for such Unencumbered Property. (b) The applicable Fee Owner is the exclusive fee simple owner of the Unencumbered Property, subject only to the Ground Lease and all Liens and other matters disclosed in the applicable title policy for such Unencumbered Property subject to the Ground Lease, and the applicable Fee Owner is the sole owner of the lessor’s interest in the Ground Lease. (c) There are no rights to terminate the Ground Lease other than the applicable Fee Owner’s right to terminate by reason of default, casualty, condemnation or other reasons, in each case as expressly set forth in the Ground Lease. (d) Each Ground Lease is in full force and effect and, to Borrower’s knowledge, no breach or default or event that with the giving of notice or passage of time would constitute a breach or default under any Ground Lease (a “Ground Lease Default”) exists or has occurred on the part of a Borrower or a Subsidiary Guarantor or on the part of a Fee Owner under any Ground Lease. All base rent and additional rent, if any, due and payable under each Ground Lease has been paid through the date hereof and neither Borrower nor any Subsidiary Guarantor is required to pay any deferred or accrued rent after the date hereof under any Ground Lease. Neither Borrower nor a Subsidiary Guarantor has received any written notice that a Ground Lease Default has occurred or exists, or that any Fee Owner or any third party alleges the same to have occurred or exist. (e) The Borrower or applicable Subsidiary Guarantor is the exclusive owner of the ground lessee’s interest under and pursuant to each Ground Lease and has not assigned, transferred or encumbered its interest in, to, or under the Ground Lease, except to Agent under the Loan Documents.

  • Existing Leases (a) Seller represents to Buyer that all existing apartment leases at the Property (the "Leases") and any other rights to the use or occupancy of the apartments at the Property (the "Tenancies") are identified on Exhibit E attached hereto. (b) Between the Contract Date and the Closing Date, Seller shall perform or cause to be performed all obligations of Seller or the landlord under the terms of the Leases. (c) To the best of Seller's knowledge, Seller warrants to Buyer that all the Leases are in full force and effect and that no tenant under any of the Leases has any pending claim or basis for any claim for any reduction, deduction or set off against the landlord or the rent due thereunder. Seller further warrants that to the best of Seller's knowledge, except as respects the First Mortgage, Seller has the sole right to collect the rents due under the Leases and that neither the Leases nor the right to collect the rents due thereunder has been assigned, pledged, hypothecated or otherwise encumbered by Seller. During the Inspection Period, Buyer shall have the right to review and inspect copies of all documents comprising the Leases and to make necessary copies thereof. Buyer shall also have the right to review and inspect all Tenants' files and documents therein including, but not limited to, applications and credit histories. Seller warrants that to the best of Seller's knowledge, there are no amendments, modifications, extensions or renewals of such Leases that are not reflected by such documents and Exhibit E. Exhibit E shall set forth the following information with respect to each Lease: (i) the name of each tenant residing in each unit number designation; (ii) the apartment number(s) occupied by such tenant; (iii) the commencement and termination dates of the Lease; and (iv) all allowances, concessions, free rent or reduced rent payable thereunder; and (v) the amounts of security deposits for each unit and tenancy.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.