Default Of Lease Meaning With Lease
Description
How to fill out Florida Notice Of Default On Residential Lease?
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FAQ
DEFAULT BY RESIDENT . Any breach or violation of any provision of this contract by Resident or any untrue or misleading information in Resident's application shall give the Owner or his agent's the right to terminate this contract, evict the Resident and to take possession of the residence.
Lessee Default means any default by the applicable Lessee in payment of a total of three months of rent pursuant to such Lease, and such default remains uncured for more than 120 days from the original due date of the latest payment resulting in a total of three months of rent remaining unpaid.
"Defaulting resident" means a resident who fails to pay for his or her occupancy in a park, fails to comply with reasonable written rules and regulations of the park given to the resident upon registration or during the term of his or her occupancy in the park, or who violates any of the provisions contained in Article ...
Default terms, such as implied warranties, apply absent evidence of the parties' contrary agreement. Default terms are specified in the transaction documents and commonly include the debtor missing one or more payments or failing certain liquidity measures, among other events.
A ?default? is a failure to comply with a provision in the lease. ?Curing? or ?remedying? the default means correcting the failure or omission. A common example is a failure to pay the rent on time.
