LEASE CANCELLATION AND DEFAULT Sample Clauses

LEASE CANCELLATION AND DEFAULT. The original Tenant or Landlord may cancel this Lease at any time prior to the Lease start date. Thereafter, if for any reason any subsequent tenants, tenant/buyers, or assignees elect to cancel this Lease, such tenant, tenant/buyer, or assignee must provide to Landlord at least sixty (60) days prior written notice of his/her intent to cancel this Lease. Upon Landlord's receipt of notice of cancellation, such tenant, tenant/buyer, or assignee shall be held liable for any and all rent payments due until Landlord has found another tenant to lease the Property. Upon cancellation, there will be no refund to tenant, tenant/buyer, or assignee of any funds paid. Tenant will also be responsible for damages incurred by Landlord as a result of this action, and as allowable under state and local laws. These damages may include, but are not limited to, lost rent and income, expenses incurred for advertising, clean-up of premises, locksmith services, all maintenance and repairs, and travel expenses related to repairing and showing the Property. If Landlord breaches this Lease, Tenant may seek any relief provided by law. If Tenant fails to timely pay all rents or late fees under this Lease or otherwise fails to comply with this Lease, for any reason, Tenant will be in default and Landlord may cancel this Lease and/or Tenant’s right to occupy the Property by providing Tenant at least three (3) days written notice. "In the event that the Lease is terminated, either voluntarily or involuntarily, any option to purchase will also terminate."
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LEASE CANCELLATION AND DEFAULT. If for any reason Tenant elects to cancel this Lease, Tenant must provide to Landlord at least sixty (60) days prior written notice of his/her intent to cancel this Lease, but is liable for any damages resulting from the early cancellation of the Lease. Upon Landlord’s receipt of notice of cancellation, Tenant shall be held liable for any and all rent payments due until Landlord has found another tenant to lease the Property. Upon cancellation, there will be no refund of any funds paid by Tenant. Tenant will also be responsible for damages incurred by Landlord as a result of this action, and as allowable under state and local laws. These damages may include, but are not limited to, lost rent and income, expenses incurred for advertising, clean up of premises, locksmith services, all maintenance and repairs, and travel expenses related to repairing and showing the Property. If Landlord breaches this Lease, Tenant may seek any relief provided by law. If Tenant fails to timely pay all rents or late fees under this Lease or otherwise fails to comply with this Lease, for any reason, Tenant will be in default and Landlord serve tenant with a Notice Of Default via registered or certified mail.
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Related to LEASE CANCELLATION AND DEFAULT

  • Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

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