LEASE TERM: MONTHLY RENT SECURITY DEPOSITAugust 21st, 2024
FiledAugust 21st, 2024If occupancy of leased premises is delayed due to construction or the holding over of a prior Tenant, Landlord shall not be liable to Tenant in any respect for such delay accept as provided herein. This lease shall remain in full force and effect, subject to the following: (1) the rent shall be abated on a daily basis during each day of such delay, and (2) in the event such delay continues for three or more days, Tenant may terminate this lease by giving notice in writing to Landlord, whereupon Tenant shall be entitled only to a refund of the refundable portion of Tenant security deposit, and the refundable portion of any prepaid rent paid. The above terms apply solely to events of holding over and/or construction delays, and specifically exclude items of cleaning and minor repairs.