EXPIRATION OF LEASE. At the expiration of the term of this lease or cancellation thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all corresponding keys and in as good and tenable condition as the same is now, ordinary wear and tear expected devoid of all occupants, movable furniture, articles and effects of any kind. Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at the latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall have complied with the terms hereof. The same penalty shall be imposed in case the LESSEE fails to leave the premises after the expiration of this Contract of Lease or termination for any reason whatsoever. 11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief against the other, the losing party shall pay an amount of One Hundred (100) % of the amount clamed in the complaint as attorney's fees which shall in no case be less than P50,000.00 pesos in addition to other cost and damages which the said party may be entitled to under the law. 12. This CONTRACT OF LEASE shall be valid and binding between the parties, their successors-in-interest and assigns.
EXPIRATION OF LEASE. Absent lessor's execution of a new lease with lessee or the parties' written agreement to renew or extend this lease, this lease shall expire on the termination date stated in paragraph 5, and lessee shall vacate the premises on or before the termination date. If lessee retains possession of the premises beyond the termination date and lessor thereafter accepts rent for any period after the termination date, this lease shall continue on the same terms and conditions, but the term shall be month-to-month.
EXPIRATION OF LEASE. Unless the lease is renewed or sooner terminated as provided herein, Lessee shall peaceably and quietly leave, surrender, and yield up to the City all of the leased land on the last day of the term of the lease.
EXPIRATION OF LEASE. Tenant shall, at the expiration or sooner termination of the Term, peaceably surrender and yield up unto Landlord, who shall become absolute owner thereof, the Leased Premises together with all buildings, alterations, additions, erections, leasehold improvements, repairs and installations, including the air-conditioning and heating system, done or made by the Tenant, both movable and immovable, except the equipment and furniture belonging to Tenant which must be removed at Tenant's expense on or before the expiration of the Lease. Tenant shall repair any and all damages caused to the Leased Premises and/or to the Building as a result of such removal, using materials equal in quality to that of the damaged materials, failing which Landlord may do so at Tenant's expense. Notwithstanding the above, Landlord may at its option advise Tenant in writing that he does not wish the ownership of all or any part of the above described property, in which case Tenant shall remain owner of such property refused by Landlord and shall, at its own expense, immediately remove such property and repair any damage to the Leased Premises and/or the Building caused by the original installation and/or removal, using materials equal in quality to that of the damaged materials, failing which Landlord may do so at Tenant's expense. If Tenant leaves any equipment or furniture in the Leased Premises following the expiration of the Term, it is understood that Landlord may then, at its option, either accept full and absolute ownership of same and may use it or dispose of it as Landlord determines, without compensation payable to Tenant and without incurring any liability to Tenant, or Landlord may dispose of same as it sees fit, at Tenant's expense, without incurring any liability to Tenant. If the Tenant has failed to fulfil its obligations under this lease with respect to the maintenance, repair and alteration of the Leased Premises and removal of improvements and fixtures from the Leased Premises during or at the end of the Term, such obligations and the Landlord's rights in respect thereto shall remain in full force and effect notwithstanding the expiration or sooner termination of the Term.
EXPIRATION OF LEASE. At the expiration of this Lease, Lessee shall quietly yield the Property in good and habitable condition in all respects, as it was when the Lessee took possession.
EXPIRATION OF LEASE. At the expiration of the term of this lease or cancellation thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all corresponding keys and in as good and tenable condition as the same is now, ordinary wear and tear expected devoid of all occupants, movable furniture, articles and effects of any kind. Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at the latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall have complied with the terms hereof. The same penalty shall be imposed in case the LESSEE fails to leave the premises after the expiration of this Contract of Lease or termination for any reason whatsoever.
EXPIRATION OF LEASE. 39. During the period of six (6) months prior to the expiration of this Lease or any renewal thereof, LANDLORD shall have the right to display on the exterior of the Premises, but not in any window or doorway thereof, the customary sign “For Rent,” and during such period LANDLORD may show the Premises and all parts thereof to prospective lessees between the hours of 10:00 a.m. and 5:00 p.m. on any day.
EXPIRATION OF LEASE. At the expiration of the term of this Lease, or if Lessor elects to terminate this Lease as herein provided, Lessor agrees to purchase from the Lessee, or the heirs or representatives of Lessee, the improvements then located on the Premises at a price equal to the fair market value of such improvements. Such fair market value shall be determined by agreement of the parties in interest, but if no agreement shall be reached, shall be determined by arbitration of a panel of qualified real estate appraisers in accordance with paragraph 16 hereof. For purposes of this Lease, a “qualified appraiser” is an individual licensed as an appraiser in the State of Minnesota, holding the MAI designation and having not less than ten (10) years’ experience in appraising single-family residences in the Twin Cities metropolitan area. For purposes of determining fair market value, it shall be assumed that the improvements may continue to be located on the Premises in accordance with this Lease, but any value attributed solely to land shall be excluded.
EXPIRATION OF LEASE. 17.1 The Tenant shall at the expiration or sooner termination of the term of this Lease peaceably surrender and yield the Leased Assets to the Landlord with all work, improvements and alterations which at any time during the term were made, in good repair and condition, without compensation.
EXPIRATION OF LEASE. Lease agreements shall expire upon completion of the specified lease period and shall not be automatically renewed for a new lease period. The customer, within 30 days of lease expiration, shall make arrangements with the lessor to either have the equipment picked up upon lease end or notify lessor of intent to renew. A Customer’s failure to notify the lessor of the intent to terminate does not constitute intent to renew. All leased equipment not renewed shall be removed from customer’s location within ten (10) days after expiration of lease at contractor’s expense. Leases may be renewed under a maintenance plan if the five (5) year combined lease term has not been reached. All equipment removal shall be coordinated with customer.
