NO ACCEPTANCE OR SURRENDER Sample Clauses
The "No Acceptance or Surrender" clause establishes that neither party is permitted to accept or surrender the leased property outside the terms specified in the agreement. In practice, this means the tenant cannot unilaterally return the property to the landlord before the lease ends, nor can the landlord forcibly accept such a return unless both parties agree or the contract allows it. This clause ensures that both parties remain bound by the lease's duration and conditions, preventing premature termination or changes in possession without mutual consent, thereby providing stability and predictability in the leasing arrangement.
NO ACCEPTANCE OR SURRENDER. No act or thing done by Landlord or its agents during the Term shall constitute an acceptance of an attempted surrender of the Premises, and no agreement to accept a surrender of the Premises shall be valid unless made in writing and signed by Landlord. No re-entry or taking possession of the Premises by Landlord shall constitute an election by Landlord to terminate this Lease, unless a written notice of such intention is given to Tenant. Notwithstanding any such reletting or re-entry or taking possession, Landlord may at any time thereafter terminate this Lease for a previous Default. Landlord's acceptance of Rent following an Event of Default hereunder shall not be construed as a waiver of such Event of Default. No waiver by Landlord of any breach of this Lease shall constitute a waiver of any other violation or breach of any of the terms hereof. Forbearance by Landlord to enforce one or more of the remedies herein provided upon a breach hereof shall not constitute a waiver of any other breach of this Lease.