This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
The Florida Conditional Limitation of Tenant Liability Good Guy Provision is a legal concept that provides certain protections to commercial tenants in the state of Florida. This provision is typically found in commercial lease agreements and aims to limit the liability of tenants in the event of an early termination of their lease. Under this provision, tenants who satisfy specific conditions may be allowed to terminate their lease before the agreed-upon term without facing full liability for the remaining rent. The primary condition of the Good Guy Provision is that the tenant must provide prior written notice to the landlord of their intention to terminate the lease. There are different types of Florida Conditional Limitation of Tenant Liability Good Guy Provisions which may vary depending on the lease agreement. Some common variations include: 1. Full Good Guy Guarantee: In this scenario, the tenant is required to personally guarantee the full remaining balance of the lease if they choose to exercise the Good Guy Provision. This means that the tenant will be responsible for paying the remaining rent until the lease term concludes, even after the termination. 2. Partial Good Guy Guarantee: This variation limits the tenant's liability to a specific period, such as three or six months, after the lease termination. Beyond that period, the tenant will not be responsible for any further rental payments. 3. Landlord's Obligation: In rare cases, the Good Guy Provision may include certain obligations on the landlord's part. For instance, the landlord might be required to make reasonable efforts to find a replacement tenant or mitigate the tenant's liability. Typically, the Good Guy Provision is intended to benefit both the tenant and the landlord. It allows tenants to exit a lease early if their business is struggling or if they need to relocate, while also giving landlords time to find a new tenant and minimize any potential financial loss. In conclusion, the Florida Conditional Limitation of Tenant Liability Good Guy Provision is a legal protection for commercial tenants in the state. By following specific conditions, tenants may be able to terminate their lease early without facing full liability for the remaining rent. It is important for both landlords and tenants to understand the specific terms of the Good Guy Provision within their lease agreement to ensure a mutually beneficial outcome.
