PERIOD OF LEASE. 10.1 This Lease Agreement shall endure for the Initial Period;
10.2 Notwithstanding the foregoing, and provided that the Lessee, during the Lease Agreement duly abides by the terms and conditions hereof and all its obligations arising to it by virtue of its ownership of a Platinum Share, the Constitution, the Platinum Shareholder Agreement and the Wilderness Agreement, and the Building at the time of exercise of the option has been refurbished so as to render it in a good state of repair and in a condition approved by the Aesthetics Committee, the Lessee shall have the option to renew this lease for the Option Period provided that the Lessee exercises the option by informing the Lessor in writing of its intention to exercise the option not later than 12 calendar months prior to the expiry of the Initial Period, which option shall be deemed to have been exercised on the same terms and conditions of this Lease Agreement.
PERIOD OF LEASE. The lease shall commence on the commencement date of the contract as stated above and shall continue for a fixed period. If the occupant is a natural person then the occupant will have the right to cancel or extend the lease by giving the Lessor 30 business days’ notice in writing or other recorded manner and form. Should the occupant fail to notify the Lessor of any intended termination or extension, the agreement will automatically continue on the same terms and conditions as set out in this agreement on a month to month basis.
PERIOD OF LEASE. This rental agreement is valid until further notice starting from . The Act on Residential Leases shall be applied in the notice of the contract. OR This contract is valid for a fixed-term from until . A fixed-term lease agreement cannot be given notice on mid-term. However, a court may authorize the tenant or the lessor to give notice on a fixed term lease according to section 55 in the Act on Residential Leases.
PERIOD OF LEASE. The lease runs for 7 years from the time of moving in, preliminary from December 20, 2002 until December 31, 2009. The lessor guarantees that the premises are completed and ready for immigration before December 20, 2002, provided that the described ventilation capacity is delivered no later than 4 months after final permission for starting up is given by the Department of planning and construction [Plan og bygningsetaten]. If the premises not are completed, in relation to ventilation capacity, before December 20, 2002, the lease shall be 50% for the areas that lack such ventilation and correspondingly no rent for the same areas if the ventilation capacity is not in place before April 20, 2003. The lessor is under an obligation to file such application latest when this agreement is finally approved. The agreement is irrevocable and will terminate without prior notice by the end of the lease period. The lessee has the right to demand that the lease is prolonged for one period of 3 or 5 years on renegotiated terms. This right must, in order to be binding for the lessor, be pleaded in registered mail before April 1, 2009 and new agreement regarding prolongation must be concluded at latest July 1, 2009. The lessor shall give notice of the expiration of the lease agreement to the lessee within March 1, 2009. The lessee has no further right to prolongation after the expiration of the first period of prolongation. This agreement is valid during the prolongation period, but the lessee and/or the lessor can demand that the rental fee is set to market level from the start of the prolongation period. If the parties cannot agree on market level for the rental fee, it shall be determined by experts. Each party appoints one expert, and these two experts will jointly appoint a third. If the two initial experts fails to agree on the third expert, this nomination shall be made by the Norwegian Association of Real Estate Brokers. Until the new rental fee is decided, the rental fee shall be the same as the rental fee at the time of the expiration of the lease agreement, as a preliminary payment on account. If the lease continues for more than 6 months after the expiration of the agreed lease period, and the lessor has not requested the lessee to move, the lease has been transformed into a lease for a non-fixed term. The lessee can, with 6 months prior written notice and earliest on January 1, 2008, reduce the leased area with up to one continuous floor in the 3rd, 4th or 5th ...
PERIOD OF LEASE. The lease shall commence on the commencement date of the contract as stated on page 1 and shall continue for an initial period as recorded on page 1. Upon termination of the initial period, this Lease will automatically continue on a month-to-month basis, subject to any material changes which the Lessor has brought to the attention of the Occupant, unless: Either party expressly advises the other party prior to the termination of the initial period that it does not want this Lease to continue after the initial period has terminated; or The parties enter into a new Lease agreement for a further fixed period. If the Lease is continued on a month-to-month basis, either party shall be entitled to terminate this Lease without reason or penalty at any time, provided that they give the other party a calendar month written notice of such termination.
PERIOD OF LEASE. The initial period of the lease shall start on the day of 20 and shall end at midnight on the day of 20 .
PERIOD OF LEASE. The initial period of this lease shall be for one (1) year, commencing on February 16, 2024 through February 28, 2025 at 12:00 midnight, subject to renewal and extension provisions as set forth herein. After said period, the lease shall continue in full force and effect, subject to the terms herein on a month-to-month basis, until either party shall give to the other notice of termination at least thirty (30) days prior to the 1st day of a monthly term. Lessee will have the option to renew the lease for an additional term beginning on March 1, 2025 at 12:01 am, for a monthly rent to be determined by Lessor at that time. The rental amount may be adjusted at the end of each 12-month lease period determined by Lessor if deemed necessary due to rising ownership costs.
PERIOD OF LEASE. This lease shall commence on the Effective Date and shall continue for the duration of the Contract unless the Contract is terminated pursuant to its terms whereupon this lease shall also terminate.
PERIOD OF LEASE. 2.1 The lease period starts as set out in paragraph 1.2 and terminates as set out in paragraph 1.3.
2.2 Notwithstanding any receipt given for rental or deposit paid in terms of the lease, the Lessee shall have no claim for damages or other rights of action against the Lessor nor be entitled to cancel this lease, should the Lessor be unable to give the Lessee occupation of the Premises on the date of commencement of the lease for any reason whatsoever not attributable to wilful default on the part of the Lessor, and the Lessee undertakes to accept occupation from whatever date the Premises are available, subject to remission of rental in respect of the period of occupation.
2.3 If the Lessee is not a citizen or permanent resident of South Africa, he confirms that he: (a) is not in the country in contravention of the Immigration Act, Act No: 13 of 2002, and (b) he has permission to be in the country for the duration of this lease (including any renewal periods).
