Surrender and Hold Over Clause Samples
Surrender and Hold Over. The Professional covenants that at the expiration of the period for which the premises are leased to it, or at the earlier termination of the letting thereof, it will quit and surrender said premises in good state and condition, reasonable wear and tear excepted. Should the Professional hold over the use of or continue to occupy the demised premises after expiration of the agreement, such holding over will be as a tenant at sufferance for which use it shall be liable for any and all damages resulting from such tenancy.
Surrender and Hold Over. A. Upon the expiration of the term of this Agreement or the early termination of the Agreement, Licensee shall surrender the Licensed Premises and all keys in its possession to Licensor. Licensor hereby waives any right to notice to quit the Licensed Premises upon the expiration of this Agreement. The Licensed Premises shall be surrendered broom clean and in a good and orderly condition, reasonable wear and tear and damage covered by
B. If Licensee fails to surrender possession of the Licensed Premises upon the expiration or termination of this Agreement, Licensee shall be deemed to be holding over and the License Fee shall increase to an amount equal to two hundred percent (200%) of the amount of the License Fee payable in the month immediately preceding the expiration
Surrender and Hold Over