Lessee Termination Clause Samples

Lessee Termination. Notwithstanding anything to the contrary set forth in Section 15(A) above, in case of the destruction of or damage to the Improvements from any cause so as to make the Improvements untenantable for Lessee’s Permitted Use occurring during the last years of the Term of this Lease or any subsequent applicable Renewal Term(s), Lessee, if not then in default under this Lease, may elect to terminate this Lease by written notice served on Lessor within thirty (30) days after the occurrence of the damage or destruction. In the event of such termination, there shall be no obligation on the part of Lessee to repair or restore the Improvements nor any right on the part of Lessee to receive any proceeds collected under any insurance policies covering the Improvements or any part of the Improvements. On such termination, Rent, Additional Rent, Impositions, and any other sums payable by Lessee to Lessor under this Lease shall be prorated as of the termination date. If any Rent, Additional Rent, or Impositions shall have been paid in advance, Lessor shall rebate any such payment for the unexpired period for which payment shall have been made.

Lessee Termination. The Lessee may terminate this Lease by giving the Lessor at least 6 months’ written notice expiring at any time. If the Lease is terminated under this clause, the Lessee will not be entitled to a refund of any Rent paid in advance.

Lessee Termination. Lessee may terminate this Agreement at any time during the Term upon thirty (30) days prior written notice to Lessor.

Lessee Termination.  Prior to opening day, Lessee may request release from this agreement by submitting a signed written request to: Housing and Residence Life, ▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇; (fax) ▇▇▇-▇▇▇-▇▇▇▇, or email ▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ prior to the 2018-2019 “opening day” of the residence halls. See the “Refund/Penalty Schedule for the Sustainability Theme House” for details regarding refunds and/or penalties.  During the academic term, lessee may request release from this Agreement. Such releases are subject to approval of the Director of Housing & Residence Life and shall be considered according to the conditions listed on the “Refund/Penalty Schedule for the Sustainability Theme House”.