Common use of Lease Cancellation For Convenience Clause in Contracts

Lease Cancellation For Convenience. Would the State consider changing this term to mirror the language in the current Florida contract? Reference Addendum 2, section 3.2.25.4. Current Contract – Page 60 (f) Lease Cancellation for Convenience The initial lease agreement may be canceled at any time during the lease period by the lessee (Customer). A thirty (30) day cancellation notice will be required of the lessee in writing. All money due the lessor (Contractor) for the remainder of the lease agreement period will be due and payable upon completion of the equipment removal, except in documented cases of non- performance by the Contractor. Upon cancellation of a lease agreement by the lessee without cause, the equipment will be returned to the lessor with transportation at the lessee’s expense as well as removal charges, if applicable. •

Appears in 5 contracts

Samples: Contract for Mail Processing Equipment, Piggybacking Agreement, Contract for Mail Processing Equipment

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