Common use of LEASE CANCELLATION AND DEFAULT Clause in Contracts

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."

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 ’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-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."

LEASE CANCELLATION AND DEFAULT. The original Tenant or Landlord may cancel this Lease at any time prior to the Lease start dateEffective Date without notice. Thereafter, if for any reason any subsequent tenants, tenant/buyers, Tenant or assignees elect assignee elects to cancel this Lease, such tenant, tenant/buyer, Tenant or assignee 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 ’s receipt of notice of cancellation, such tenant, tenant/buyer, Tenant 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 paidpaid by Tenant or assignee. Tenant or assignee 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-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 or assignee may seek any relief provided by law. If Tenant or assignee fails to timely pay all rents or late fees under this Lease or otherwise fails to comply with this Lease, for any reason, Tenant or assignee 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 serve tenant with a Notice Of Default via registered or involuntarily, any option to purchase will also terminatecertified mail."