LEASED RESIDENCE Clause Samples
The 'Leased Residence' clause defines the specific property or unit that is being rented under the lease agreement. It typically details the address, unit number, and any included areas such as parking spaces or storage rooms, ensuring both parties are clear about the exact premises covered by the lease. This clause is essential for preventing disputes by clearly identifying the leased property and setting the boundaries of the tenant's rights and responsibilities.
LEASED RESIDENCE a) The employee is to make every effort to sublet leased accommodation either personally or through an agent.
b) Where a discharge penalty must be paid to terminate the lease, this will be paid by the Employer after the employee has negotiated termination. The maximum allowable lease-breaking cost is the equivalent of two months' rent.
c) Where an employee is relocating to a city with a shortage of rental units, an employee may exercise the option of using the services of a rental agent paid for by the Employer.
LEASED RESIDENCE a) Where a discharge penalty must be paid to terminate the lease, this will be paid by the Employer after the Employee has negotiated termination. The maximum allowable lease-breaking cost is the equivalent of two months’ rent.
b) Where an Employee is relocating to a city with a vacancy rate below 4% an Employee may exercise the option of using the services of a rental agent paid for by the Employer.