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Common use of Failure to Take Possession Clause in Contracts

Failure to Take Possession. 7.17.1 Should the Tenant fail to take possession of the premises within a period of seven (7) days from the commencement date or from whatever date the premises are available, in terms of clause 7.15, then the Landlord shall be entitled to cancel this agreement without a notice and this agreement shall then terminate. 7.17.2 Should this agreement be cancelled in terms of Clause 7.17.1 above, then the Tenant shall have no further rights or claims of whatever nature against the Landlord by reason of the cancellation of this agreement. The Tenant shall forfeit the deposit and, in addition, the Landlord shall have the right to claim loss of rental and any other damages suffered.

Appears in 5 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement