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LEASE CANCELLATION AND TERMINATION Agreements LEASE CANCELLATION AND TERMINATION AGREEMENT (this Agreement) is made by and among XXX (the Landlord), on their own behalf and on behalf of all other.
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Unmodified FAQ
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Lease Termination Clause In contrast, the early termination clause states that the landlord may break the agreement if the tenants break any lease term. In general words, the landlord releases the tenants from any future obligations, and the tenants surrender the premises.
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Terminating a lease may require the landlord to file an eviction lawsuit, or an unlawful detainer action, if the tenant remains in the rental after receiving a termination notice. To begin the eviction process, the landlord must file a complaint with the court and wait for the tenant's answer.
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A material breach occurs when one party receives significantly less benefit or a significantly different result than what was specified in a contract. Material breaches can include a failure to perform the obligations laid out within a contract or a failure to perform contracted obligations on time.
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Another example of a material breach is when a buyer is purchasing a rare item from a seller. If the buyer pays for the item, but the seller does not give or ship it to them and instead hands it over to someone else, then this would be considered a material breach of contract.
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There are four elements of a breach of contract claim: a valid contract, performance, breach, and damages.
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Early termination of lease agreement is far less time-consuming, and expensive than pursuing an eviction. You can consider charging an early termination fee to make up for any income lost due to the early lease termination. Property owners usually charge two months' worth of rent as a termination fee.
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A contract breach of any type is a failure to hold up the provisions of a contract. If the breach is big enough that the main purpose of a contract is not met, the breach is considered to be material.
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A material breach clause sample refers to an example of a contract breach where a party doesn't respect the contract terms, damaging the other party. The injured party has the right to sue in return and ask for compensation, even if the damage is minimal.
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