Bold tag in the Commercial Lease Agreement

Aug 6th, 2022
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How to bold tag in the Commercial Lease Agreement

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For example, a use clause might state that the premises can only be used for retail purposes, or for a specific type of business, such as a medical office. It may also prohibit certain activities, such as manufacturing or hazardous materials storage.
Clauses such as a waiver, severability, force majeure, dispute resolution, applicable laws and jurisdiction, indemnity, limitation of liability, entire agreement, modifications/amendments/variations, etc. ensure that the interests and rights of the parties are protected and defined.
A termination clause in a commercial lease provides tenants with the right to end the lease agreement prematurely, subject to specific conditions or penalties as outlined in the clause.
Subject to the terms and conditions of this Agreement, Landlord and Tenant agree that the Lease shall terminate as of 11:59 p.m. on [INSERT DATE WHEN LEASE TERMINATES] (the Termination Date) and shall, subject to the terms and conditions hereof, be of no further force or effective as of the Termination Date.
Termination grounds: A termination clause outlines the conditions or grounds under which parties can terminate the contract. These grounds may include failure to meet performance expectations, contract bdocHub or nonperformance, mutual agreement, insolvency, and change in circumstances.
A lease termination option is a clause that allows you or the landlord to end the lease before the expiry date, under certain conditions. It can give you more flexibility and control over your commercial space, especially if your business needs change over time.
A break clause in a commercial lease is a contractual provision that allows either the landlord or the tenant to terminate the lease prematurely, usually before the end of the fixed term.

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