Common use of DEFAULT AND POSSESSION Clause in Contracts

DEFAULT AND POSSESSION. If the Tenant doesn't pay rent or breaches other terms of the Agreement and fails to correct this within 15 days notice, the Landlord can terminate the Agreement. The Landlord can then re-enter the Premises, take possession, and hold any of the Tenant’s property on the Premises as security for unpaid rent or other defaults. The Landlord can also take steps to re-lease the Premises, at the Tenant's expense, and sue for damages or past due rent.

Appears in 4 contracts

Samples: Arizona Commercial Lease Agreement, Louisiana Commercial Lease Agreement, York Commercial Lease Agreement

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