Virgin Islands Tenant Self-Help Clause

State:
Multi-State
Control #:
US-OL1003
Format:
Word; 
PDF
Instant download

Description

This office lease clause is describes the self-help right that can be exercised only after a long term notice in an emergency, as well as in a non-emergency. The tenant needs to illustrate rationale and the underlying basis for a utilization of self-help as well as the reasonableness of the charges for which the tenant is seeking reimbursement.

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FAQ

Broadly, a contract provision that permits one party to withhold or suspend its own performance or take some other action for its own benefit if the other party breaches the contract or on other specified conditions.

To keep the property in good and/or tenantable ?repair and condition?: This refers to condition as well as repair and is more onerous than referring to ?repair? alone. A reference to good condition can require works to be carried out even if there is no actual disrepair.

Good Condition and Repair means that the Leased Premises are in the condition that one would expect the Leased Premises to be in, if throughout the Term Tenant (y) uses and maintains the Leased Premises and Equipment in a commercially reasonable manner and in an ance with the requirements of this Lease and (z) ...

help provision protects a tenant from a negligent landlord where a tenant requires certain repairs and the landlord fails to adequately address them. This provision allows the tenant to make its own emergency repairs and ensures that the tenant will be reimbursed for its expenses.

Follow These Steps for Tenant Letters Keep letters consistent by including the following elements: Tenant's name and full address. The date. A subject line that summarizes the information. The landlord's expectations (pay the rent, stop breaking a rule, etc.)

The responsibilities of landlord and tenant will be clearly set out in the lease. Normally commercial landlords are responsible for any structural repairs such as foundations, flooring, roof and exterior walls, and tenants are responsible for non-structural repairs such as air conditioning or plumbing.

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Virgin Islands Tenant Self-Help Clause